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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$53 per ton with the new reference price.
As for Indonesian coal businessmen, the policy is advantageous. They are not concerned they will lose business as most coal exported to India is low-calorie.
In terms of volume, coal exports to India are relatively high, reaching 35-36 million tons per year. Japan is also a valuable export market for 6,500-calorie coal from Indonesia.
Source: Tempo Interactive (By Gustidha Budiartie)
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Friday, 30 September 11
MINING BILL CLEARED, FIRMS TO SHARE 26% PROFITS WITH LOCALS - NDTV
NDTV reported that, The Union Cabinet cleared the draft mining bill aimed at regulating mining activities Friday. The bill proposes a profit-sharing ...
Friday, 30 September 11
INDIAN IRON ORE MARKET GETTING ACTIVE - FEARNLEYS AS
Handy
The Atlantic market continued its strong trend with fresh cargoes entering the market. Vessels open US Gulf fixed tick above US$ 27k back to t ...
Friday, 30 September 11
KRISHNAPATNAM PORT WINS GLOBAL PORT & COAL PORT OF THE YEAR AWARDS
COALspot.com - Krishnapatnam Port, a dynamic new generation world class port located in the East Coast of India has been adjudged the winner in the ...
Thursday, 29 September 11
INDONESIA'S MINERS FACE AN UNCERTAIN FUTURE - RUPERT WALKER
An evolving regulatory framework for the country's minerals industry could threaten its profitability and stifle investment.
The five-year surge ...
Thursday, 29 September 11
DRY BULK MARKET FALLS MID-WEEK, FURTHER DROP EXPECTED NEXT WEEK ON CHINA HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected by the Baltic Dry Index (BDI) retreated by 0.36% yesterday reaching 1,920 points, with the Capesize segment suffer ...
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- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
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