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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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Tuesday, 08 November 11
COAL MINER ABM INVESTAMA PLANS $290M PUBLIC OFFERING - JG
The Jakarta Globe reported that, ABM Investama, an Indonesian coal miner controlled by the Hamami family, plans to raise as much as Rp 2.6 trillion ...
Monday, 07 November 11
CHINA'S COAL IMPORTS STEAM AHEAD
Chinese seaborne coal imports have grown greatly in recent years, up from 39.2mt in 2008 to 167.7mt in 2010, with the result that China became a net ...
Saturday, 05 November 11
DEMAND SLUMP THREATENS MORE PAIN FOR BULK VESSELS - VISTAAR
COALspot.com - The market continued to fall with BDI dropping below 2,000 points by around 10 pct and closing at 1817 points. The cape index also co ...
Saturday, 05 November 11
BERAU STARTS TO EXPLORE BINUNGAN SITE - INSIDER STORIES
Insider Stories reported that, coal miner PT Berau Coal, a 90% owned subsidiary of PT Berau Coal Energy Tbk (BRAU), is busy to hold exploration in B ...
Friday, 04 November 11
INDIAN IRON ORE MARKET REMAINS DEAD - FEARNLEYS
Handy
The Atlantic market kept its strong position from last week. Even with fewer fixtures reported. Fronthauls still around 25k, wit ...
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- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Planning Commission, India
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- White Energy Company Limited
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
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