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