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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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Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
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Monday, 22 August 11
MACRO ECONOMICS - PETER SAND BIMCO / HELLENIC SHIPPING
The US is jeopardising the global recovery as job creation remains top challenge across the board.
Global economy: While growth in most emerging ...
Sunday, 21 August 11
SUPRAMAX AVAILABILITY WAS TIGHT DUE TO UPCOMING RAMADAN HOLIDAYS
COALspot.com - The financial markets have been in turmoil with all major stock exchanges down and uncertainty prevails. However the shipping market ...
Sunday, 21 August 11
TUAH TURANGGA ACQUIRES DUTA NURCAHYA
Coal miner PT Tuah Turangga Agung, a wholly owned subsidiary of PT United Tractors Tbk (UNTR) via PT Pamapersada Nusantara), has agreed to acquire 6 ...
Friday, 19 August 11
INDIAS CICTL HAS ACHIEVED ONE MILLION TONS OF DISCHARGE
COALspot.com - Chettinad International Coal Terminal (CICTL) in Ennore port, a state of the art mechanized coal terminal, which was inaugurated on 28t ...
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- SMG Consultants - Indonesia
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- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
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- Energy Development Corp, Philippines
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- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
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- Salva Resources Pvt Ltd - India
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- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
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- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
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- Africa Commodities Group - South Africa
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- Electricity Authority, New Zealand
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- Dalmia Cement Bharat India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
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- White Energy Company Limited
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- The State Trading Corporation of India Ltd
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- Orica Australia Pty. Ltd.
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- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
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- New Zealand Coal & Carbon
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- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
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- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
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- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
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- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
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- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
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- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Wilmar Investment Holdings
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- Petron Corporation, Philippines
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- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
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- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
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- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
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- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
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