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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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Wednesday, 22 June 11
BOOMING INDONESIAN COAL EXPORTS - BLEEDING INDIAN POWER INDUSTRY
COALspot.com - Indonesia shipped 28.962 Million tons of coal in May 2011, up by 15.86 percent compared to April export of about 24.995 m ...
Tuesday, 21 June 11
SURGE IN PRODUCTION AND PRICES TO PUSH BUKIT ASAMS NET PROFITS ABOVE RP 3T - THE JAKARTA GLOBE
State-owned coal company Perusahaan Tambang Batubara Bukit Asam expects its net income to increase about 50 percent this year on the back of rising ...
Tuesday, 21 June 11
COURT BATTLE PUTS MASSIVE COAL PROJECT IN JEOPARDY - KOREA JOONGANG DAILY
As Korean companies race to exploit Indonesia’s abundant natural resources, two companies have been locked in a court case that has become so ...
Tuesday, 21 June 11
DRY BULK MARKET TURNS RED AGAIN ON VESSEL OVERSUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk entered this week on a negative turn, with the industry’s benchmark the Baltic Dry Index (BDI) retreating by 0.35% to end the ses ...
Monday, 20 June 11
KPCL SETS ALL INDIA & POSSIBLY A WORLD RECORD FOR COAL DISCHARGING
COALspot.com - Krishnapatnam Port has set an all India record for discharging 95,528 tons of steam coal in just 24 hrs using the conventional unload ...
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- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Planning Commission, India
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- London Commodity Brokers - England
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- The University of Queensland
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
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