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Wednesday, 07 September 11
INDIA HIT BY INDONESIAS COAL PRICE - TEMPO INTERACTIVE
TEMPO Interactive, an Indonesian online news portal reported that, The Indian government has complained about the price increase of Indonesian coal, saying the hike has affected the operations of its power plants. “Some electricity companies are now having problems due to this,” said India’s Energy Minister K.C. Venugopal, quoted by the Press Trust India, last week.
Although Indian electricity companies own some shares and manage coal mines in Indonesia they cannot get a lower coal price, especially after the Indonesian government set a price margin for coal.
The government’s regulation has been deemed too strict and has forced businessmen to adjust their contracts in line with the rate increase.
The Indian government calculates power plant operations on an annual basis, taking into account the company’s performance, maintenance programs and the company’s contribution to the state electricity supply.
Two Indian electricity companies, Tata Power and Power Reliance, have sent letters to the ministry to mediate the problem between electricity buyers from the Mundra (Gujarat) and Krishnapatnam (Andhra Pradesh) projects with regards to the price increase. Both companies asked the government to allow them to increase the project value.
On a separate occasion, Indonesian Geothermal Association executive-director Supriatna Sahala said the problem began in September last year when a ministerial regulation set the lowest coal price reference.
Before the regulation, Indian companies always bought the coal below the reference price. The price of 4,200 calorie coal, which they bought for US$30 per ton, has increased to US$53 per ton with the new reference price.
As for Indonesian coal businessmen, the policy is advantageous. They are not concerned they will lose business as most coal exported to India is low-calorie.
In terms of volume, coal exports to India are relatively high, reaching 35-36 million tons per year. Japan is also a valuable export market for 6,500-calorie coal from Indonesia.
Source: Tempo Interactive (By Gustidha Budiartie)
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Thursday, 03 November 11
DRY BULK MARKET OFFICIALLY IN THE RED ON LOWER CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept falling yesterday, on lower iron ore demand, which has caused the industry’s benchmark, the BDI (Baltic Dry Index) to ...
Wednesday, 02 November 11
MMTC TO BUY 3.73 MILLION TONS OF COAL FOR 2011- 2013
COALspot.com - India’s state-owned coal and mineral trader MMTC looking for 3.73 million tons of power plant coal for the period 2011 - 2012/ ...
Wednesday, 02 November 11
PANAMAX MARKET BECAME QUIETER AFTER THE RECENT RECOVERY - BRS
There were substantial losses across the board this week: the BDI lost 6.3% to end at 2,018 and the BCI 8.2% to end 3,274. In the smaller sizes the ...
Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, cond ...
Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” ...
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- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- PTC India Limited - India
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- The University of Queensland
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
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