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Monday, 08 August 11
OIL PRICES ARE SOFTENING, WILL IT INFLUENCE COAL PRICES?
 COALspot.com - The current global economic condition is in volatility after a little chance of optimism for economic recovery.
Oil price at one time soared in the first-half of 2011 and hit US$120/barrel, however in Asian trading, U.S. crude futures fell to the day's low of $82.87 lowest since Nov. 26 on worries of a global economic slowdown and on concern that European debts crisis might escalate in the wake of Italy sharing the fates of Portugal, Ireland, Greece and Spain.
To learn farther more in the extent of decline in world oil prices to the coal industry, COALspot.com interviewed the Executive Director of Indonesian Coal Mining Association Suhala Supriatna.
COALspot.com: The oil price has now plunged to below US$85/barrel. Does this condition raise any particular alarm among the coal producers and how will it affect industries in terms of price as well as cost of production?
Suhala : In the coal mining activity, fuel is an input factor as coal excavation requires heavy equipment, such as backhogs, bulldozers, and trucks which need diesel oil. When the oil price plunges, so does the cost.
Probably, the plunging international price of coal in US Dollar may cause drop in the income of the coal producers. If Rupiah strengthens, their income in Rupiah becomes progressively smaller. In addition, it depends on their mining activity, whether underground or surface. Surface mining requires less cost.
But, does this plunging oil price affect others? I have no answer. This question should go to the analysts. This is more so the coal price is continuing to drop.
The cost also depends on the quality of coal produced. There are different grades of quality, such as high grade at the current rate of US$117/ton to the lowest US$35/ton. There are good impacts or bad impacts when the global oil prices drop. The good impact: this spurs the economic activity. Continuing drop in price hints economy is in the worse shape fundamentally.
COALspot.com: Will such an impact reduce coal demand?
Suhala: No, nothing to reduce. There is now even 2.5 billion world population having no access to electricity. In however condition of the economic recession, any country remains decidedly to build their power plants. No electricity infrastructure development is plagued by the economic condition.
In Indonesia, around 30% (out of 240 million people) have no access to electricity either. The government provides a guarantee to investors having interest in the construction of power plants. No other infrastructure project has received a guarantee than the electricity sector.
To contact the reporter to responsible on this interview / story: Efendi at efendi@coalspot.com
Translated by WB
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Thursday, 08 September 11
TRADA MARITIME BUYS GUNUNG BARA UTAMA
Insider Stories reported that, PT Trada Maritime Tbk (TRAM) has purchased convertible bonds issued by PT Awesome Coal from Zakia Limited. The memora ...
Thursday, 08 September 11
PETROSEA ADDS US$730 MIO CONTRACT
Coal mining contractor PT Petrosea Tbk (PTRO), a majority owned subsidiary of energy integrated company PT Indika Energy Tbk (INDY), has secured a U ...
Wednesday, 07 September 11
ANOTHER EXCEPTIONALLY STRONG WEEK FOR THE CAPESIZE MARKET - BRS
The very strong rise in Cape rates pushed through an overall improvement in the BDI this week, although relatively little benefit from the Capes has ...
Wednesday, 07 September 11
INDIA HIT BY INDONESIAS COAL PRICE - TEMPO INTERACTIVE
TEMPO Interactive, an Indonesian online news portal reported that, The Indian government has complained about the price increase of Indonesian coal, ...
Wednesday, 07 September 11
SAMPUR POWER AGREEMENT SIGNED - DAILY NEWS
Daily News, Sri Lank's national news paper reported that, the agreement for the setting up of a 500 MW coal-fired power plant at Sampur, Trincomale ...
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- Cement Manufacturers Association - India
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- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
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- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
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- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
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- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Indian Energy Exchange, India
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- Economic Council, Georgia
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- Rashtriya Ispat Nigam Limited - India
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- Meralco Power Generation, Philippines
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- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
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- Ceylon Electricity Board - Sri Lanka
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- Edison Trading Spa - Italy
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- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
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- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
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- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
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- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
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- Indian Oil Corporation Limited
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
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- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
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- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
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- Gujarat Sidhee Cement - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
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- Ministry of Transport, Egypt
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
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- The University of Queensland
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- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
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- Medco Energi Mining Internasional
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