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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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Friday, 28 October 11
RISING COAL PRICES TO WORSEN CHINA'S WINTER POWER CRUNCH - CRI ENGLISH
CRI English reported that, the rising price of coal is fueling concerns about a power crunch set to plague China this winter, analysts said.
The ...
Thursday, 27 October 11
CAPESIZE REACHING NEW HIGHS - FEARNLEYS
Handy
Pacific market has mixed sentiments with tonnages fixed at firm levels and some tonnages in feast failing on subs.For indo-india, large eco ...
Thursday, 27 October 11
DRY BULK MARKET EDGES DOWN AS CHINAS IRON ORE DEMAND LOSES GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A plunge in Chinese iron ore demand, as a result of high steel inventories and a bleak outlook regarding steel prices, has prompted the dry bulk mar ...
Thursday, 27 October 11
BUKIT ASAM 3Q PROFIT SURGES 66.91%
Insider Stories reported that, the state-controlled coal miner PT Bukit Asam Tbk (PTBA) experienced a 66.91% increase in its net profit during a per ...
Wednesday, 26 October 11
MOODYS SEES MORE GROWTH FOR INDONESIAN COAL MINERS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal mining industry looks set to grow despite an uncertain global economic outlook, according to ...
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- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
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