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Wednesday, 05 June 13
DON'T AVOID PAYING COAL ROYALTY TO THE GOVERNMENT - INDONESIAN ENERGY MINISTER
 COALspot.com – “Every country has the right to make policies to protect their national interests”, Energy and Mineral Resources Minister of Indonesia Jero Wacik replied to a question related to China’s proposed import ban on low calorific value coal on the sidelines of the 19th CoalTrans Asia conference at the Bali International Convention Center in Nusa Dua, Bali. The minister further said, the government would increase coal exports to other countries, including India, look to new markets and encourage domestic consumption, if China imposes the ban on lower grader coal.
According to minister demand for coal is still high, and it will continue to be increases. The current low prices are just for temporary period, and the coal prices will increase again soon once world economy returns to its normal condition.
“Don’t avoid paying coal royalty to the government”, he requests coal producers to pay the royalty on time as per the government regulation.
China is reportedly considering to ban imports of lower calorific value coal because these types of coal create high pollution. China’s decision, if implemented, would hurt Indonesia’s low calorific value coal producers. In the meantime, it will be benefited for high calorific value producers. The Chinese coal buyers as well as Indonesian coal suppliers were saying, during 19th CoalTrans Asia conference, China is considering banning coal with calorific value below 3700 on NAR basis instead of previously 4540 NAR coal. However, some of the participants of coal conference are in an opinion that, the ban will not be implemented immediately.
In the meantime, the demand for 3800 GAR to 4200 GAR coal is still high and Indian buyers are looking for similar coal for Indian market.
“The demand is there, but the asking prices for 3800 GAR coal are very low”, said a coal producer. According to the producer, who is producing coal from central Kalimantan, the bids are around US$ 35 per MT fob vessel, which is far below than current offer prices.
In the meantime, a south Sumatra coal producer said, the price differences between their offers are bids that they are receiving is very narrow. “ The difference between our offer and bids are around US$ 0.50 to US$ 1 per ton” said the same producer who is producing around 100,000 tons of coal every month.
The immediate future of coal market direction is unpredictable at this moment. No stakeholder of coal industry is able to give a firm forecast neither on direction of coal market nor price.
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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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- Videocon Industries ltd - India
- Eastern Energy - Thailand
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Deloitte Consulting - India
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Planning Commission, India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Australian Coal Association
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
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