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Monday, 24 January 11
GOVT PROMISES COAL FOR PLN DESPITE PRICE SPIKES - THE JAKARTA POST
 The Jakarta Post reported that, the government says state electricity company PT PLN will receive enough coal to fire its power plants, despite price fluctuations in the international market.
The director general of mineral and coal at the Energy and Mineral Resources Ministry, Bambang Setiawan, said last week that PLN’s suppliers had agreed to continue to supply it coal, pending ongoing price negotiations.
“We’re still negotiating with coal producers to reach an agreement on price. No deal has been made to date. But they’re committed to ensuring supplies for PLN,” he told reporters at his office in Jakarta.
In a meeting at the House of Representatives on Wednesday, Bambang said that suppliers had insisted on request rates above the coal reference prices set by the government due to soaring international market prices.
PLN primary energy director Nur Pamudji previously slammed the coal suppliers that had asked the firm to pay international market prices, saying it was unethical for domestic suppliers to benefit from the floods in Queensland, Australia, that have disturbed world coal distribution.
“The flood is in the neighboring country. Coal suppliers shouldn’t ask for higher prices because we’re not affected by the disaster,” he said.
Nur Pamudji said suppliers should set domestic prices using the 2010 ministerial decree that provides for a monthly coal reference price based on the average reference price from the previous three months.
According to the ministry, the official coal reference price in January was US$112 per ton, up 8.6 percent from $103 in December — but far lower than the current spot price in the international market. Analysts predict that global coal prices will hover between $120 and $130 in 2011.
Nur Pamudji said if suppliers held to international market prices the government would have to increase PLN’s subsidy from Rp 4 trillion and Rp 7 trillion. The 2011 state budget currently allocates Rp 40.7 trillion for PLN.
The director of the Indonesia Coal Society, Singgih Widagdo, who also works for the fifth-largest coal producer in Indonesia, PT Berau Coal, said that coal suppliers were committed to ensuring supplies for domestic customers, including PLN.
Singgih said coal suppliers were bound by a domestic market obligation (DMO).
“It’s our responsibility and obligation to sell 30 percent of our total production to the domestic market. We always prioritize our domestic customers,” he said.
On negotiations, Singgih said deals would be made in the first quarter of 2011. If the problem lingered it might hinder the growth of the nation’s electricity network, he added.
Berau Coal planned to supply around 5 million tons of coal to power plants in Paiton, East Java; Suralaya, Banten Province and Cilacap, Central Java, in 2011, Singgih said.
Source: The Jakarta Post
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Wednesday, 26 January 11
DRY BULK MARKET TAKES YET ANOTHER NOSEDIVE, CAPESIZES LOOK RATHER UNATTRACTIVE AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The downturn of the dry bulk market sees no boundariers, disproving even those who thought that at least for the capesize market, the worst had pass ...
Tuesday, 25 January 11
DRY BULK RATES CONTINUED TO TUMBLE LAST WEEK - BRS
With weather-related problems affecting the short-term outlook, and new building deliveries the longer-term picture, dry bulk rates continued to tum ...
Tuesday, 25 January 11
R-POWER TO INVEST $5BN IN INDONESIA - THE TIMES OF INDIA
The Times of India reported that, In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billio ...
Monday, 24 January 11
DRY BULK MARKETS DOWNTURN SEES NO RELIEF - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept falling for yet another week, with the industry’s benchmark, the Baltic Dry Index (BDI) losing an additional 4.79 ...
Sunday, 23 January 11
THE AVERAGE CHARTER RATE FOR CAPE SIZE VESSELS WAS AT $ 8,859 PD ALMOST CLOSE TO 2008 LOWS - VISTAAR
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1,370 points. “ In May 2010 the BDI touched ...
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- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- The University of Queensland
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
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