COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE


Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than a year ago, the company's president director said on Thursday.

Bukit Asam has agreed to supply PT Indonesia Power, a unit of state electricity firm PT Perusahaan Listrik Negara (PLN), between 5.5 million tonnes and 6.1 million tonnes of coal with a heating value of 5,000 kcal/kg gross as-received (GAR) at 685,000 rupiah ($73.68) per tonne, CIF, president director Sukrisno said.

Indonesia's third-largest listed coal miner by market value said it would supply the coal to the 3,400-MW Suralaya power plant in West Java between now and the end of this year.

The price was 22.5 percent lower than 884,000 rupiah per tonne set in 2009.

"The price in 2009 was above the market price because we managed to reach a deal when coal prices were still high in around September 2008," said a Bukit Asam official, who declined to be quoted by name.

"Although 2010 price is lower than last year, it is still above the current market price," the official said.

Bukit Asam has said it expects last year's revenue to amount to 9 trillion rupiah, up from 7.2 trillion rupiah in 2008 as it managed to negotiate for higher prices.

Bukit Asam, with a market capitalisation of just over $4 billion, expects its sales volume to rise to 15.6 million tonnes in 2010 from an estimated 12.8 million tonnes last year on a growing demand from China and India.($1 = 9,297 Rupiah)
Source: Reuters



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...


Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...


Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years. The German Coal Importer Association has ca ...


Tuesday, 05 January 10
SUPRAMAX MARKET REMAINED QUIET OVER THE LAST 10 DAYS BRS - DRY BULK
Despite a damp end to the year for bulk rates, shipping has weathered the storm far better than was initially expected in the wake of the financ ...


Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the risin ...


   1222 1223 1224 1225 1226   
Showing 6116 to 6120 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Mitra SK Pvt Ltd - India
  • CNBM International Corporation - China
  • Bulk Trading Sa - Switzerland
  • Malabar Cements Ltd - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Kalimantan Lumbung Energi - Indonesia
  • Energy Development Corp, Philippines
  • Infraline Energy - India
  • Savvy Resources Ltd - HongKong
  • Ministry of Mines - Canada
  • Economic Council, Georgia
  • Georgia Ports Authority, United States
  • Kohat Cement Company Ltd. - Pakistan
  • Goldman Sachs - Singapore
  • Ince & co LLP
  • Cebu Energy, Philippines
  • UOB Asia (HK) Ltd
  • SMG Consultants - Indonesia
  • Aditya Birla Group - India
  • Attock Cement Pakistan Limited
  • McConnell Dowell - Australia
  • Aboitiz Power Corporation - Philippines
  • Jaiprakash Power Ventures ltd
  • Cigading International Bulk Terminal - Indonesia
  • ING Bank NV - Singapore
  • Parliament of New Zealand
  • Semirara Mining Corp, Philippines
  • IMC Shipping - Singapore
  • Altura Mining Limited, Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Videocon Industries ltd - India
  • Barasentosa Lestari - Indonesia
  • Siam City Cement - Thailand
  • Rio Tinto Coal - Australia
  • ICICI Bank Limited - India
  • Simpson Spence & Young - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Gresik Semen - Indonesia
  • Indian Oil Corporation Limited
  • Anglo American - United Kingdom
  • Energy Link Ltd, New Zealand
  • Indonesia Power. PT
  • Vizag Seaport Private Limited - India
  • Coastal Gujarat Power Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • Renaissance Capital - South Africa
  • Arch Coal - USA
  • Pipit Mutiara Jaya. PT, Indonesia
  • World Coal - UK
  • SN Aboitiz Power Inc, Philippines
  • Adani Power Ltd - India
  • Sucofindo - Indonesia
  • Bangkok Bank PCL
  • Indian Energy Exchange, India
  • J M Baxi & Co - India
  • Barclays Capital - USA
  • Trasteel International SA, Italy
  • Electricity Authority, New Zealand
  • Thiess Contractors Indonesia
  • UBS Singapore
  • Kobe Steel Ltd - Japan
  • Leighton Contractors Pty Ltd - Australia
  • Directorate General of MIneral and Coal - Indonesia
  • The India Cements Ltd
  • Sindya Power Generating Company Private Ltd
  • Geoservices-GeoAssay Lab
  • Makarim & Taira - Indonesia
  • Coal Orbis AG
  • Bukit Asam (Persero) Tbk - Indonesia
  • Coaltrans Conferences
  • Ind-Barath Power Infra Limited - India
  • GAC Shipping (India) Pvt Ltd
  • TANGEDCO India
  • Britmindo - Indonesia
  • KOWEPO - South Korea
  • Russian Coal LLC
  • Port Waratah Coal Services - Australia
  • Tanito Harum - Indonesia
  • CoalTek, United States
  • McKinsey & Co - India
  • Sinarmas Energy and Mining - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • TNPL - India
  • Borneo Indobara - Indonesia
  • Merrill Lynch Bank
  • White Energy Company Limited
  • Madhucon Powers Ltd - India
  • Lafarge - France
  • Banpu Public Company Limited - Thailand
  • Krishnapatnam Port Company Ltd. - India
  • Karbindo Abesyapradhi - Indoneisa
  • Ministry of Finance - Indonesia
  • Kumho Petrochemical, South Korea
  • Sakthi Sugars Limited - India
  • Pendopo Energi Batubara - Indonesia
  • Siam City Cement PLC, Thailand
  • Coeclerici Indonesia
  • Price Waterhouse Coopers - Russia
  • Indo Tambangraya Megah - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Latin American Coal - Colombia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Qatrana Cement - Jordan
  • Mjunction Services Limited - India
  • Permata Bank - Indonesia
  • The Treasury - Australian Government
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Inco-Indonesia
  • PLN Batubara - Indonesia
  • Tamil Nadu electricity Board
  • Enel Italy
  • Vijayanagar Sugar Pvt Ltd - India
  • Interocean Group of Companies - India
  • Global Green Power PLC Corporation, Philippines
  • GHCL Limited - India
  • Power Finance Corporation Ltd., India
  • Straits Asia Resources Limited - Singapore
  • KPMG - USA
  • Iligan Light & Power Inc, Philippines
  • JPower - Japan
  • CCIC - Indonesia
  • Jatenergy - Australia
  • Indogreen Group - Indonesia
  • Gujarat Sidhee Cement - India
  • Thai Mozambique Logistica
  • Binh Thuan Hamico - Vietnam
  • PowerSource Philippines DevCo
  • Asian Development Bank
  • Cement Manufacturers Association - India
  • Deloitte Consulting - India
  • Holcim Trading Pte Ltd - Singapore
  • MEC Coal - Indonesia
  • Shree Cement - India
  • Kobexindo Tractors - Indoneisa
  • Intertek Mineral Services - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Carbofer General Trading SA - India
  • Bahari Cakrawala Sebuku - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Mercator Lines Limited - India
  • Fearnleys - India
  • Mercuria Energy - Indonesia
  • Panama Canal Authority
  • Gupta Coal India Ltd
  • Alfred C Toepfer International GmbH - Germany
  • Maybank - Singapore
  • Eastern Energy - Thailand
  • Australian Coal Association
  • Romanian Commodities Exchange
  • KEPCO - South Korea
  • Planning Commission, India
  • SMC Global Power, Philippines
  • Bukit Makmur.PT - Indonesia
  • Orica Mining Services - Indonesia
  • Moodys - Singapore
  • Gujarat Mineral Development Corp Ltd - India
  • Rudhra Energy - India
  • New Zealand Coal & Carbon
  • Marubeni Corporation - India
  • Kideco Jaya Agung - Indonesia
  • Edison Trading Spa - Italy
  • ETA - Dubai
  • TNB Fuel Sdn Bhd - Malaysia
  • Rashtriya Ispat Nigam Limited - India
  • Tata Chemicals Ltd - India
  • SRK Consulting
  • Petron Corporation, Philippines
  • Bhushan Steel Limited - India
  • NTPC Limited - India
  • Lanco Infratech Ltd - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Vitol - Bahrain
  • Jorong Barutama Greston.PT - Indonesia
  • ASAPP Information Group - India
  • JPMorgan - India
  • Central Java Power - Indonesia
  • Baramulti Group, Indonesia
  • Samsung - South Korea
  • Thermax Limited - India
  • Star Paper Mills Limited - India
  • TGV SRAAC LIMITED, India
  • Jindal Steel & Power Ltd - India
  • TeaM Sual Corporation - Philippines
  • Coalindo Energy - Indonesia
  • Medco Energi Mining Internasional
  • ANZ Bank - Australia
  • Argus Media - Singapore
  • Sical Logistics Limited - India
  • VISA Power Limited - India
  • Xstrata Coal
  • Inspectorate - India
  • Kepco SPC Power Corporation, Philippines
  • Mitsui
  • Eastern Coal Council - USA
  • Essar Steel Hazira Ltd - India
  • Independent Power Producers Association of India
  • Chamber of Mines of South Africa
  • Australian Commodity Traders Exchange
  • Sarangani Energy Corporation, Philippines
  • San Jose City I Power Corp, Philippines
  • Cemex - Philippines
  • Noble Europe Ltd - UK
  • Larsen & Toubro Limited - India
  • OPG Power Generation Pvt Ltd - India
  • South Luzon Thermal Energy Corporation
  • Salva Resources Pvt Ltd - India
  • RBS Sempra - UK
  • WorleyParsons
  • IBC Asia (S) Pte Ltd
  • Bhatia International Limited - India
  • Maheswari Brothers Coal Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • EMO - The Netherlands
  • Wilmar Investment Holdings
  • Heidelberg Cement - Germany
  • Semirara Mining and Power Corporation, Philippines
  • CIMB Investment Bank - Malaysia
  • Malco - India
  • OCBC - Singapore
  • Berau Coal - Indonesia
  • globalCOAL - UK
  • Mechel - Russia
  • Africa Commodities Group - South Africa
  • Bank of China, Malaysia
  • IOL Indonesia
  • Reliance Power - India
  • Ambuja Cements Ltd - India
  • Platts
  • DBS Bank - Singapore
  • Karaikal Port Pvt Ltd - India
  • European Bulk Services B.V. - Netherlands
  • NALCO India
  • Thriveni
  • Posco Energy - South Korea
  • India Bulls Power Limited - India
  • Oldendorff Carriers - Singapore
  • London Commodity Brokers - England
  • Samtan Co., Ltd - South Korea
  • Standard Chartered Bank - UAE
  • PTC India Limited - India
  • Thomson Reuters GRC
  • Bharathi Cement Corporation - India
  • Kaltim Prima Coal - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Toyota Tsusho Corporation, Japan
  • Indorama - Singapore
  • Metalloyd Limited - United Kingdom
  • Riau Bara Harum - Indonesia
  • GB Group - China
  • Global Coal Blending Company Limited - Australia
  • Deutsche Bank - India
  • Orica Australia Pty. Ltd.
  • PetroVietnam
  • Freeport Indonesia
  • BNP Paribas - Singapore
  • Cargill India Pvt Ltd
  • IHS Mccloskey Coal Group - USA
  • SUEK AG - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • CESC Limited - India
  • Indika Energy - Indonesia
  • Core Mineral Indonesia
  • Mintek Dendrill Indonesia
  • Minerals Council of Australia
  • Miang Besar Coal Terminal - Indonesia
  • Coal India Limited
  • bp singapore
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Coal and Oil Company - UAE
  • GN Power Mariveles Coal Plant, Philippines
  • Runge Indonesia
  • Clarksons - UK
  • PLN - Indonesia
  • GNFC Limited - India
  • APGENCO India
  • KPCL - India
  • Ministry of Transport, Egypt
  • Merrill Lynch Commodities Europe
  • Japan Coal Energy Center
  • Vale Mozambique
  • Cosco
  • Bayan Resources Tbk. - Indonesia
  • Total Coal South Africa
  • Xindia Steels Limited - India
  • Formosa Plastics Group - Taiwan
  • Directorate Of Revenue Intelligence - India
  • Antam Resourcindo - Indonesia
  • Petrosea - Indonesia
  • Bangladesh Power Developement Board
  • Maharashtra Electricity Regulatory Commission - India
  • Idemitsu - Japan
  • Pinang Coal Indonesia
  • Tata Power - India
  • World Bank
  • Electricity Generating Authority of Thailand
  • The University of Queensland
  • Asia Cement - Taiwan
  • ACC Limited - India
  • Central Electricity Authority - India
  • Bhoruka Overseas - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • MS Steel International - UAE
  • EIA - United States
  • Shenhua Group - China
  • AsiaOL BioFuels Corp., Philippines
  • Indian School of Mines
  • SGS (Thailand) Limited
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Arutmin Indonesia
  • Surastha Cement
  • Peabody Energy - USA
  • Adaro Indonesia
  • GVK Power & Infra Limited - India
  • Meralco Power Generation, Philippines
  • Thailand Anthracite
  • Agrawal Coal Company - India
  • PNOC Exploration Corporation - Philippines
  • Wood Mackenzie - Singapore
  • Commonwealth Bank - Australia
  • Bukit Baiduri Energy - Indonesia
  • Humpuss - Indonesia
  • TRAFIGURA, South Korea
  • Grasim Industreis Ltd - India
  • Gujarat Electricity Regulatory Commission - India
  • The State Trading Corporation of India Ltd
  • U S Energy Resources
  • Bank of America
  • Maersk Broker
  • Mitsubishi Corporation
  • GMR Energy Limited - India
  • IEA Clean Coal Centre - UK
  • Singapore Mercantile Exchange
  • Asmin Koalindo Tuhup - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Credit Suisse - India
  • Globalindo Alam Lestari - Indonesia
  • Therma Luzon, Inc, Philippines
  • Cardiff University - UK
  • Glencore India Pvt. Ltd
  • Ernst & Young Pvt. Ltd.
  • Uttam Galva Steels Limited - India
  • Manunggal Multi Energi - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • BRS Brokers - Singapore
  • Sojitz Corporation - Japan
  • Parry Sugars Refinery, India
  • Dalmia Cement Bharat India
  • Timah Investasi Mineral - Indoneisa
  • SASOL - South Africa
  • HSBC - Hong Kong
  • Global Business Power Corporation, Philippines
  • Platou - Singapore
  • Maruti Cements - India
  • Indonesian Coal Mining Association
  • Vedanta Resources Plc - India