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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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- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- PTC India Limited - India
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Planning Commission, India
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- The University of Queensland
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