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Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except Labuan plant. Labuan's coal stocks have fallen below the normal level.
Nur Pamudji, Director of Primary Energy PLN, said that PLN always keeps coal stocks enough for 30-day consumption. “Currently, most of the coal based power plants are having coal stocks for 30-day consumption, except the Labuan plant's stock has fallen below the normal level or stocks are enough only for 10-day consumption,” he said. Existing suppliers of Labuan plant have defaulted on their contractual commitment due to rains.
PLN has conducted spot tenders to procurement of coal in order to increase the stock at Labuan plant in Banten, which operates 2x300 mw plants.
PLN has called for a tender to supply total of 176,000 MT in four lots. 1st lot of 48,000 MT has already supplied in July 2010, the remaining two X 48,000 MT lots will be supplied within in this month and last lot of 32,000 MT by the end of August 2010.
According to Nur, PLN able to secured coal between Indonesian Rupiah 480.000 - 500,000 per ton which is below coal price reference. “The suppliers who have failed to supply cargo to Labuan plant under existing contract, will be punished as per contract term, even though the failure was due to bad weather” he further said.
-- Efendi --
To contact the reporter on this news: Efendi in Jakarta at efendi@coalspot.com
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Thursday, 15 July 10
IRON ORE PRICING MECHANISMS PUT ON THE SPOT
THE new iron ore pricing mechanisms that killed off the annual benchmark system are coming under pressure. The spot price of the steel feed has fall ...
Thursday, 15 July 10
NTPC TO PURSUE COAL MINE ACQUISITION IN AUSTRALIA, INDONESIA - BUSINESS STANDARD
Business-Standard reported that, NTPC, the India’s largest power producer, has set the ball rolling to acquire coal mines or form joint ventur ...
Wednesday, 14 July 10
SUCCESSFUL COMMISSIONING OF GTLE LOW RANK COAL UPGRADING PLANT
COALspot.com: GTL Energy Ltd (GTL Energy) announced that construction and commissioning of its proprietary ‘first-of-a-kind’, low rank c ...
Tuesday, 13 July 10
BUMI TO PRODUCE MORE THAN 67 MILLION TONS OF COAL IN 2010
COALspot.com: Bumi resources, Indonesia’s largest coal producer has previewed its operating results in KPC/Arutmin for Jan – Jun 2010. A ...
Tuesday, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
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- Economic Council, Georgia
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- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
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- Barasentosa Lestari - Indonesia
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- CIMB Investment Bank - Malaysia
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- Sinarmas Energy and Mining - Indonesia
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- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
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- Binh Thuan Hamico - Vietnam
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- Tata Chemicals Ltd - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
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- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
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- Thiess Contractors Indonesia
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- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Parliament of New Zealand
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- Toyota Tsusho Corporation, Japan
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- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
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- GAC Shipping (India) Pvt Ltd
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- Trasteel International SA, Italy
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- Banpu Public Company Limited - Thailand
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