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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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Wednesday, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...
Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
...
Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...
Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
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- Semirara Mining Corp, Philippines
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- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
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- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
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- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
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- Central Electricity Authority - India
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- Bhushan Steel Limited - India
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- Goldman Sachs - Singapore
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- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
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- Indogreen Group - Indonesia
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- Parliament of New Zealand
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- Bangladesh Power Developement Board
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- Wilmar Investment Holdings
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- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
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- Economic Council, Georgia
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- CIMB Investment Bank - Malaysia
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- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
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- Sarangani Energy Corporation, Philippines
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- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
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- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Electricity Generating Authority of Thailand
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- Energy Link Ltd, New Zealand
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- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
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- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Marubeni Corporation - India
- Deloitte Consulting - India
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- The University of Queensland
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- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
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- Australian Commodity Traders Exchange
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- Globalindo Alam Lestari - Indonesia
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- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
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- Therma Luzon, Inc, Philippines
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