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Saturday, 15 January 11
MAKE SACRIFICES TO SAVE PLN, INDONESIA GOVT BEGS MINERS - THE JAKARTA GLOBE
 The Jakarta Globe reported that, Darwin Zahedi Saleh, Indonesia's minister of energy and mineral resources, on Friday appealed to local coal companies to sell their fuel to state utility Perusahaan Listrik Negara at below global market prices.
“I hope that all coal companies in Indonesia will sacrifice for the best interest of the nation,” he told reporters.
His comments came the day after PLN Chairman Dahlan Iskan said the power company was facing problems securing enough coal to meet the country’s growing demand for electricity.
According to an Energy Ministry decree, the price of coal in 2011 would be determined on the 2010 fourth-quarter average. December’s average national price was $103.40 per metric ton. But prices at Australia’s Newcastle port, which serves as a benchmark for Asia, have risen 8 percent to $129.9 per metric ton as of Jan. 7, up from $119.47 per ton in December.
Coal producers have not reacted positively to being asked to sell at below market rates. The Indonesian Coal Mining Association (APBI) said its members had no choice but to increase prices in line with rising demand.
“International coal prices keep increasing, so we have to sell according to global prices,” APBI executive director Supriatna Suhala said on Thursday.
Coal prices are rising as harsh winter weather across the globe and floods in Australia are driving up demand, he added.
PLN has contracts with 53 suppliers to provide 55.8 million tons of coal to fuel its power plants this year, but it failed to lock down prices. Providers have said they would sell their coal through business-to-business contracts, which follow international pricing.
“We will stick to the business-to-business agreement. That’s all,” Andre Mamuaya, corporate secretary of Adaro Indonesia, told the Jakarta Globe. He said companies, including Adaro, were still negotiating prices with PLN. He said Adaro would stick to its original offer to PLN, which is based on the international coal index price.
Adaro is set to provide 10 million tons of coal to PLN this year. Other suppliers include Arutmin Indonesia, Tambang Batubara Bukit Asam, Kaltim Prima Coal and Berau Coal. Rosan Perkasa, president director of Berau Coal, and Sukrisno, president director of Bukit Asam, did not return calls for comment.
Nur Pamudji, PLN’s director of primary energy, said this week that, assuming a 20 percent increase in coal prices, the utility would need more than Rp 2 trillion in additional electricity subsidies this year.
PLN will receive Rp 41.2 trillion ($4.6 billion) in electricity subsidies this year, down from Rp 55.1 trillion in 2010.
Source: The Jakarta Globe
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Saturday, 15 January 11
SUPRAMAX VESSELS FIXED AROUND $ 8K FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The BDI continues to drop and has touched below 1,500 points with the cape index severely affected with the index touching 1,595 poin ...
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 ...
Thursday, 13 January 11
SURGING COAL PRICES UNDERMINE PLN'S EFFICIENCY PROGRAM - THE JAKARTA POST
The Jakarta Post reported that, The soaring global coal prices are undermining state electricity company PT PLN's pledge to improve its operational ...
Thursday, 13 January 11
SPML INFRA TO DOUBLE INDONESIA COAL MINE OUTPUT IN TWO YEARS - DNA INDIA
DNA India reported that, Kolkata-based infrastructure company SPML Infra, formerly Subhash Projects & Marketing Ltd, will in two years nearly do ...
Thursday, 13 January 11
DRY BULK RATES HIT NEW MULTI-MONTH LOWS ON AUSTRALIAS FLOODS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Floods in Australia’s Queensland has seriously disrupted coal shipments and together with a flood of vessels has pushed freight rates for dry ...
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Showing 5426 to 5430 news of total 6871 |
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- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- PTC India Limited - India
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
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