We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 ...
|
|
|
Showing 5151 to 5155 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Parliament of New Zealand
- The University of Queensland
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
|
| |
| |
|
