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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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Tuesday, 09 August 11
INDONESIAS COAL PRODUCTION GREW BY 19.4% LAST YEAR - BP
COALspot.com - Indonesia’s coal production grew by 19.4% last year to 305.879 million tonnes from 256.181 million tonnes in 2009, the fastest ...
Tuesday, 09 August 11
DRY BULK MARKET UNABLE TO FIND UPWARD MOMENTUM, SLUMPS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
They same that what goes up must come down and nobody seems to have found a better application of this expression, than the beleguered dry bulk mark ...
Monday, 08 August 11
A SUPRAMAX VESSEL WAS REPORTED FIXED AT $ 12K - VISTAAR
COALspot.com - The BDI was slightly up by about 4 points closed at 1268 points which was supported by cape index which was up 3.14 pct and closed at ...
Saturday, 06 August 11
NTPC IS CONSIDERING TO ENTER INTO 25 YEARS COAL PURCHASE AGREEMENT
Indian, State-run power producer NTPC's present annual consumption is 164 million tonnes, and company is considering long-term agreements abroad to ...
Friday, 05 August 11
RIO TINTO SIGNS MOU WITH JINDAL STEEL AND POWER ON ADVANCING HISMELT TECHNOLOGY
Press Release - Rio Tinto has signed a Memorandum of Understanding (MoU) with Jindal Steel and Power Limited (JSPL) to take the next step in g ...
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- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- PTC India Limited - India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
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- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Planning Commission, India
- VISA Power Limited - India
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
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- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
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- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
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