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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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Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...
Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
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- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
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- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
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- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
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- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
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- Attock Cement Pakistan Limited
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- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
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- Latin American Coal - Colombia
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- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
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- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
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- Interocean Group of Companies - India
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- AsiaOL BioFuels Corp., Philippines
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- Larsen & Toubro Limited - India
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- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Planning Commission, India
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- Energy Link Ltd, New Zealand
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- PTC India Limited - India
- Economic Council, Georgia
- Siam City Cement - Thailand
- MS Steel International - UAE
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- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
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- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
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- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
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- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
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- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
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- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
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- Goldman Sachs - Singapore
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