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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$35/ton. There are good impacts or bad impacts when the global oil prices drop. The good impact: this spurs the economic activity. Continuing drop in price hints economy is in the worse shape fundamentally.
COALspot.com: Will such an impact reduce coal demand?
Suhala: No, nothing to reduce. There is now even 2.5 billion world population having no access to electricity. In however condition of the economic recession, any country remains decidedly to build their power plants. No electricity infrastructure development is plagued by the economic condition.
In Indonesia, around 30% (out of 240 million people) have no access to electricity either. The government provides a guarantee to investors having interest in the construction of power plants. No other infrastructure project has received a guarantee than the electricity sector.
To contact the reporter to responsible on this interview / story: Efendi at efendi@coalspot.com
Translated by WB
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Friday, 05 August 11
THE WORLDS LARGEST COAL MINER TO INVEST IN INDO MINES
COALspot.com - Golden Energy Mines (GEMS) might go for initial public offering (IPO) by the end of September 2011. The company is planning to off lo ...
Friday, 05 August 11
DRY BULK MARKET FINALLY TAKES A BREATHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market at last caught a break mid-week after a constant fall which saw the industry’s benchmark, the BDI (Baltic Dry Index) falli ...
Thursday, 04 August 11
THE HBA CONTINUES TO FALL IN AUGUST
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the August 2011 coal reference price at US$ 117.21 per ton slightly low ...
Wednesday, 03 August 11
DEWA RETURNS TO US$2.65 MIO NET PROFIT - INSIDER STORIES
Coal mining contractor PT Darma Henwa Tbk (DEWA), that most of its revenue is contributed by Kaltim Prima Coal and Arutmin Indonesia, returned to ne ...
Wednesday, 03 August 11
DRY BULK MARKET SINKS TO THREE-MONTH LOWS, BUT CAPESIZES COULD TURN THINGS AROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on falling this week, on the back of slow cargo demand amid the summer season. Yesterday, the BDI (Baltic Dry Index), the i ...
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- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Australian Coal Association
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- GMR Energy Limited - India
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Planning Commission, India
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- VISA Power Limited - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
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