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Saturday, 12 March 16
PLN, COAL COMPANIES IN TALKS ABOUT PRICES - THE JAKARTA POST
 Following a study that predicted that Indonesia would struggle to provide coal for its power stations in the near future, the government will facilitate negotiations between coal miners and electricity companies to set a coal price that is economically feasible for both parties.
Energy and Mineral Resources Minister Sudirman Said stated on Thursday that the set coal price should allow for companies to continue exploration but at the same time be economically feasible for electricity companies wanting to buy the coal for their power plants.
“The government should also play a role here. There will be a discussion process between [state-owned electricity company] PLN, the Indonesian Coal Mining Association [APBI] and IPPs [independent power producers] that use coal and we will then find a solution,” he said following a meeting with the Indonesian Chamber of Commerce and Industry (Kadin).
The government has continuously pushed to expedite a number of power plant projects under its ambitious 35,000 megawatt (MW) program, which is aimed at supporting the country’s economic growth.
Coal is expected to fulfil 66 percent of primary energy sources for the country’s power plants by 2024, which is equivalent to 361 gigawatt hours (GWh) output by coal-fired power plants.
However, a study conducted by APBI in cooperation with PricewaterhouseCoopers (PwC) Indonesia revealed that the country’s coal-fired power plants would not be able to provide the expected 20,000 MW for the next 25 to 30 years, based on current commodity prices.
The study, which surveyed 25 coal-mining companies, also showed coal-producer earnings before interest, tax, depreciation and amortization had dropped by 60 percent to US$2.6 billion in 2014 from $6.5 billion in 2011. It is expected to decrease by 16 percent in 2015.
Government data suggests that Indonesia had around 32.2 billion tons of coal reserves in 2014. However, the study showed that with coal prices declining throughout last year, only between 7.3 and 8.3 billion tons of that coal is economically viable to mine. The preliminary projection indicates that these reserves will be depleted by 2033-2036, forcing the country to start importing coal by 2030.
“Mining requires funds. If the price of coal is $50, while it costs $60 to mine, then the coal will automatically not be mined. It is as if we have a decrease in reserves,” APBI chairman Pandu P. Sjahrir said recently.
Coal prices have steadily declined over the past few years, amid oversupply and declining demand from major coal importer China.
Australia’s Newcastle coal price, an Asian benchmark, dropped to $53 per ton from a 2016 peak of $55.05 on March 1, as estimated by Reuters. Meanwhile, Indonesia’s coal reference price (HBA) this month has actually risen to $51.62 from February’s $50.92.
The report from the study recommended that the government set up a cost-based pricing system for coal, which would prevent the electricity prices from increasing.
“Based on our analysis, the government will have to pay some type of cost of insurance, which would be around 1 percent of the basic rate for new steam power plants, which will start operating in 2019, and 3 percent from the basic rates of power plants that had been built before,” APBI chaiman Pandu P. Sjahrir said.
The basic electricity rates for steam power plants that start operations in 2019 is around Rp 1,400 per kilowatt hour (kWh). If the cost of insurance is implemented, then the government will have to buy it for around Rp 1,414 per kWh.
Source: The Jakarta Post
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Tuesday, 15 March 16
PORT OF NEWCASTLE SHIPPED 12.78 MMT OF COAL IN FEBRUARY 2016
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped AU$1,110.5 mi ...
Tuesday, 15 March 16
ADARO ENERGY LOWERED ITS COAL CASH COST BY 16% TO US$ 27.98 PER TONE IN 2015
Difficult Coal Market Condition Persists in 2015, Adaro Lowers Costs, Reduces Capital Spending and Maintains Solid Liquidity.
PT Adaro E ...
Monday, 14 March 16
THE CS 50 INDEX ROSE $0.16 OR, 0.41% TO $38.82 A TON
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.41 percent week over week to averaging $38.82 per ton on this past Friday, ac ...
Monday, 14 March 16
THE BALTIC EXCHANGE CONTINUED TO ROSE THIS PAST WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rise this week helped by higher rates for pa ...
Friday, 11 March 16
ADANI GLOBAL BAGS 0.26 MILLION TONS OF COAL CONTRACT FROM LANKA COAL COMPANY
COALspot.com: Lanka Coal Company (Private) Limited, Sri Lanka has awarded 260,000 +/- 10% tons of Power plant 6300 GAR calorific value coal to Adan ...
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- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- The University of Queensland
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Parliament of New Zealand
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
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