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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$53 per ton with the new reference price.
As for Indonesian coal businessmen, the policy is advantageous. They are not concerned they will lose business as most coal exported to India is low-calorie.
In terms of volume, coal exports to India are relatively high, reaching 35-36 million tons per year. Japan is also a valuable export market for 6,500-calorie coal from Indonesia.
Source: Tempo Interactive (By Gustidha Budiartie)
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Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
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- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- VISA Power Limited - India
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
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