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Monday, 08 August 11
OIL PRICES ARE SOFTENING, WILL IT INFLUENCE COAL PRICES?
 COALspot.com - The current global economic condition is in volatility after a little chance of optimism for economic recovery.
Oil price at one time soared in the first-half of 2011 and hit US$120/barrel, however in Asian trading, U.S. crude futures fell to the day's low of $82.87 lowest since Nov. 26 on worries of a global economic slowdown and on concern that European debts crisis might escalate in the wake of Italy sharing the fates of Portugal, Ireland, Greece and Spain.
To learn farther more in the extent of decline in world oil prices to the coal industry, COALspot.com interviewed the Executive Director of Indonesian Coal Mining Association Suhala Supriatna.
COALspot.com: The oil price has now plunged to below US$85/barrel. Does this condition raise any particular alarm among the coal producers and how will it affect industries in terms of price as well as cost of production?
Suhala : In the coal mining activity, fuel is an input factor as coal excavation requires heavy equipment, such as backhogs, bulldozers, and trucks which need diesel oil. When the oil price plunges, so does the cost.
Probably, the plunging international price of coal in US Dollar may cause drop in the income of the coal producers. If Rupiah strengthens, their income in Rupiah becomes progressively smaller. In addition, it depends on their mining activity, whether underground or surface. Surface mining requires less cost.
But, does this plunging oil price affect others? I have no answer. This question should go to the analysts. This is more so the coal price is continuing to drop.
The cost also depends on the quality of coal produced. There are different grades of quality, such as high grade at the current rate of US$117/ton to the lowest US$35/ton. There are good impacts or bad impacts when the global oil prices drop. The good impact: this spurs the economic activity. Continuing drop in price hints economy is in the worse shape fundamentally.
COALspot.com: Will such an impact reduce coal demand?
Suhala: No, nothing to reduce. There is now even 2.5 billion world population having no access to electricity. In however condition of the economic recession, any country remains decidedly to build their power plants. No electricity infrastructure development is plagued by the economic condition.
In Indonesia, around 30% (out of 240 million people) have no access to electricity either. The government provides a guarantee to investors having interest in the construction of power plants. No other infrastructure project has received a guarantee than the electricity sector.
To contact the reporter to responsible on this interview / story: Efendi at efendi@coalspot.com
Translated by WB
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Friday, 26 August 11
INTRACO EYES US$200 MIO COAL TAKEOVER - INSIDER STORIES
Heavy equipment distributor PT Intraco Penta Tbk, that was founded by Halex Halim, is scouting a coal acquisition with the valuation above US$200 mi ...
Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing ...
Thursday, 25 August 11
PAITON POWER LOOKING FOR 3.96 MILLION TONS OF COAL
COALspot.com - PT Pembangkit Jawa Bali (PJB) is looking for 3.96 million tons coal with calorific value 4,800 kcal/kg on as received basis. Accordin ...
Tuesday, 23 August 11
ICMA CALLS GOVERNMENT TO REVIEW EXPORT BAN REGULATION
COALspot.com - Chairman of the Indonesian Coal Mining Association (ICMA) Bob Kamandanu asks the government to review the regulation that being draft ...
Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION
COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT M ...
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- Singapore Mercantile Exchange
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Planning Commission, India
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Economic Council, Georgia
- Bhatia International Limited - India
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Minerals Council of Australia
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
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