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Monday, 27 February 12
COAL MINING PROFITS TOO HIGH, SAYS GOVT - TEMPO INTERACTIVE
Tempo Interactive reported that, Energy and Mineral Resources Deputy Minister of Indonesia Widjajono Partowidagdo has criticized coal-mining companies for taking too much profit. The profits of these companies, he said, reached 66 percent of total production, while the state only receives 34 percent of the profit.
“That’s too much. It’s different with the oil and gas industries that provide benefits for the state and the public,” he said in Balikpapan on Saturday.
This condition has led to rapid growth in the mining industry and the high production profit has also seen many Indonesian grow rich, he said. “Look at the list of the richest people in Indonesia according to Forbes magazine. Almost all of them are in the coal mining sector,” he said.
As such, Widjajono said the regulation on profit sharing in the coal mining sector between the government and contractor companies must be revised.
He said the Energy Ministry was now drafting a formula for coal mine profit sharing between coal companies and the state.
Source: Tempo Interactive
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Tuesday, 29 November 22
SEABORNE COAL FLOWS IN 2022 - SIGNAL
This year is crucial for the energy mix in European countries, as the EU has imposed new sanctions on Russia. It is important to emphasize that the ...
Friday, 25 November 22
APAC THERMAL COAL PRICES CORRECT FROM RECORD HIGH - FITCH RATINGS
Prices of Newcastle 6,000kcal/kg coal have corrected following falling European gas and coal prices, and more supply from Australia could help miti ...
Thursday, 24 November 22
VIETNAM BOOSTS COAL USE PLAN FOR 2030 AS G7 CLIMATE OFFER STALLS - REUTERS
Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables ...
Tuesday, 22 November 22
THE GENCON 2022 CHARTERPARTY - GARD
KNOWLEDGE TO ELEVATE
BIMCO has published a revamped version of the popular GENCON charterparty. Our author, Helena Biggs, was a member of the ...
Tuesday, 22 November 22
INDIA POWER BINGES ON COAL, OUTPACES ASIA - REUTERS
India’s coal-fired power output has increased much faster than any other country in the Asia Pacific since Russia’s invasion of Ukraine ...
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- Xindia Steels Limited - India
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- Chamber of Mines of South Africa
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- Ministry of Mines - Canada
- Georgia Ports Authority, United States
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- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
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- Gujarat Electricity Regulatory Commission - India
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- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Australian Coal Association
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
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- Energy Development Corp, Philippines
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Semirara Mining Corp, Philippines
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- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
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- Kepco SPC Power Corporation, Philippines
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- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
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- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
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- Minerals Council of Australia
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- Agrawal Coal Company - India
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- Bhoruka Overseas - Indonesia
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- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
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