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Saturday, 15 January 11
RISING PRICES, GOVERNMENT DECREE LEAVE PLN AT LOGGERHEADS WITH COAL FIRMS - THE JAKARTA GLOBE
 The Jakarta Globe reported that, As coal prices continue to increase, state utility Perusahaan Listrik Negara faces problems in securing enough coal to meet power demands, a top executive said.
“We are in a dilemma now. The increasing price of coal is a real problem,” PLN chairman Dahlan Iskan said on Thursday.
High coal prices, he said, will in turn force the company to bear high operating costs.
Prices at Australia’s Newcastle port, a benchmark for Asia, rose 8 percent to $129.9 per metric ton as of Jan. 7, up from $119.47 per metric ton in December. The price of 6,322 cal/kg coal is $112.4 per metric ton, up from $103.4 per metric ton in December .
PLN has contracts with 53 suppliers to secure 55.8 million tons of coal to fuel its power plants, but Dahlan said it is at a crossroads with the rising prices.
Nur Pamudji, PLN’s director of primary energy, said it would demand producers honor the coal price stated in an Energy Ministry decree.
“The decree says that the price of coal in 2011 depends on 2010’s fourth-quarter average,” Nur said.
The average price in December was $103.4 per metric ton, but the Indonesian Coal Mining Association (APBI) said coal companies had no choice but to increase their prices.
“International coal prices keep increasing, so we have to sell according to global prices,” said the APBI’s executive director, Supriatna Suhala.
Harsh winter weather and floods in Australia caused coal prices to rise, Supriatna said, adding that prices could reach $120 per metric ton this year.
Fabby Tumiwa, an energy analyst from the Institute of Essential Services Reform, said PLN should recalculate its operational costs “because the assumptions are totally different from the state budget.”
PLN must raise electricity prices and demand more subsidies from the government, he said.
It will receive Rp 41.2 trillion ($4.6 billion) in electricity subsidies this year, down from Rp 55.1 trillion in 2010. “I think the government has to support PLN to keep it alive,” he said.
Source: The Jakarta Globe
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Friday, 04 February 11
PERTAMINA DENIES KAREN AGUSTIAWAN RESIGNS FROM PERTAMINA
COALspot.com - The President Director of PT Pertamina, Karen Agustiawan reportedly will replace Darwin Saleh as Minister of Energy and Mineral Resou ...
Friday, 04 February 11
ADARO ENERGY FY10 COAL SALES UP 6 PERCENT TO 43.84 MILLION
As reported by insider stories, Indonesian coal miners PT Adaro Energy Tbk has produced 42.20 million tons of coal in 2010, a 4 percent increase com ...
Thursday, 03 February 11
MERCATOR LINES TO INVEST RS 200-250 CRORE ON COAL MINE IN INDONESIA - ECONOMIC TIMES
Economic Times reported that, Mercator Lines, the HK Mittal-controlled shipping-to-mines major, will invest about 200-250 crore (US$ 43.825 - 54.781 ...
Thursday, 03 February 11
DRY BULK MARKET LOOKS SET TO BOTTOM OUT NIKOS - ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market having lost more than 72% of its value in the last month or so and having retreated to a 2-year low, it seems that the bott ...
Wednesday, 02 February 11
INDONESIA MAY MISS COAL EXPORT TARGET IN 2011
COALspot.com - Indonesian Trade ministry has instructed independent surveyors temporarily not to issue pre-shipment survey report (LS) to the compan ...
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- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
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