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Monday, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
 The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small coal mining concessions throughout the archipelago to secure enough fuel for its growing number of power plants.
“We will open the tender next month as we are still preparing the details of business scheme,” said Dahlan Iskan, PLN’s president director. “The companies that win the tender will get royalties per ton, while the concessions will be operated by PLN. It is a solution to ended our dependence on coal supply from mining companies.”
PLN will set aside a minimum of Rp 5 trillion ($555 million) to pay royalties to the coal miners, Dahlan said.
The plant to operate the concessions of coal miners represents a change of tack from PLN’s earlier plan to obtain coal mining concessions itself.
In 2008, the utility set up a coal-buying subsidiary PT PLN Batubara. It was intended that Batubara would also eventually acquire coal mining concessions but it has been unable to do so. Batubara will now be tasked with operating concessions that PLN acquires.
“From our observation over the last three months, coal mining concessions all have been awarded to private companies and foreigners,” Dahlan said. “PLN could not obtain any coal concessions because we don’t have the money to bribe officials,” he said, referring to local government officials responsible for granting coal concessions.
However, Witoro Soelarno, secretary of the directorate general of coal and geothermal energy at the Energy Ministry, said PLN’s plan would violate the Mining Law, which states that mining concession holders should operate their own concessions and are not allowed to hand over the operation of their concession to other company.
“But the case with PLN may be different, because PLN will operate and will use the output itself, rather than selling it,” he said, adding that the Energy Ministry needed to review the plan.
PLN aims to put 10,000 MW of additional electricity capacity online by 2012, most of which will be generated from new coal-fired plants. However, it has been struggling to get enough fuel.
Last year, PLN spent around Rp 18 trillion on coal and it estimates that will increased to around Rp 30 trillion this year.
Small coal miners that already supply coal to PLN include PT Nusa Galih Nusantara, PT Ilthabi Bara Utama, PT Millenium Mining & Resources, PT Surya Artha Mandiri, PT Djan Resources, CV Buana Bara Lestari, PT Ecomas Jaya, PT Borneo Selatan, PT Nusa Alam Lestari, CV Bumi Sakti Prakarsa Mandiri, PT SInar Hakiki Multi, PT Hayam Wuruk, PT Nusantara Geocoal and PT Takenuda.
Source: The Jakarta Globe ( By:Reva Sasistiya)
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Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
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- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Planning Commission, India
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
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