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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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Wednesday, 09 March 16
U.S. COAL EXPORTS DECLINED 24% (74 MMST) IN 2015; COAL PRODUCTION IS EXPECTED TO DECREASE BY 111 MMST IN 2016 - EIA
U.S. Coal Supply
EIA estimates that U.S. coal production for February 2016 was 54 million short tons (MMst), a 4 MMst (7%) decrease from the prev ...
Wednesday, 09 March 16
RI MAY HAVE TO IMPORT COAL FOR FUTURE POWER PLANTS: STUDY - THE JAKARTA POST
With coal prices continuing to decline, Indonesia will struggle to provide the coal needed to fire up its power stations in the near future, a stud ...
Tuesday, 08 March 16
INDONESIA HIKES COAL BENCHMARK PRICE FOR THE FIRST TIME IN 12 MONTHS
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price further deep in February 2016, but up slightly in Mar ...
Tuesday, 08 March 16
THE DRY CARGO MARKET ENDURED ONE OF ITS MOST DIFFICULT YEARS IN 2015, EXPERIENCING LOWS NOT SEEN SINCE THE MID 1980S - CLARKSONS
Whilst shipping and offshore markets have seen some good opportunities during 2015, overall there have been unprecedented challenges, so we are ver ...
Monday, 07 March 16
INDONESIAN 5700 GAR COAL INDEX DECLINE $0.05 A TON WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.28 percent week over week to averaging $38.66 per ton on this past Friday, ...
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- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
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