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Thursday, 30 September 10
LOW CALORIFIC VALUE COAL MAY BE SOLD BELOW COAL REFERENCE PRICE IN INDONESIA
 COALspot.com: Indonesia, the world’s largest coal exporter has issued another ministerial decree to regulate the selling price of coal of Indonesian origin on 23 September 2010, which is the implementation regulation for government regulation 23/2010. “This is an important policy in order to restructure the optimal benefits in the management of coal in Indonesia” according to web site of directorate general of minerals and coal.
The regulation on coal reference price, guidelines states that coal must be sold at or above the government's declared monthly coal reference price. However, the same regulation also providing room for coal that contains a very low calorific value to sell below reference price. However , it was not clear what calorific Value or Total Moisture coal being categorized as low GCV coal.
As stated by Reuters, "The low CV coal can be sold without following the government price reference but miners must give a strong reason and it will be subject to approval by the ministry," said Witoro Soelarno, secretary at the directorate general of minerals and coal at the energy and mines ministry.
Production Operation Permit holder's of coal Mining (IUP holders) must sell their coal as per monthly reference price issued government either for export or domestic market , including to its affiliated business entities, says regulation no 17/2010, the decree, issued by the energy ministry on September 23 and copy of the same obtained by COALspot.com.
The decree 17/2010 has been in force since the day of its issue on 23 September 2010.
The main points of the decree ( related to coal)
Director General on behalf of the Minister to set a benchmark price for steam (thermal) coal and coking (Metallurgical) coal every month.
Coal miners must refer Indonesian Coal benchmark price to conclude the deal with domestic or international buyers and must give priority for Indonesian flag carriers, if they used vessel/ barges to transport coal.
Mine owners can use the surveyor named or appointed by the Director General on behalf of the Minister.
Mine owners are required to submit a monthly coal sales reports to authority. The report must include selling price, sales volume, quality, point of sale, cost adjustments, and name of port of destination or country.
Monthly report should be supported by supporting documents.
Coal sellers are required to follow Indonesian coal price reference when conclude the coal sales and purchase agreement with their respective buyers. Spot deals should refer to the reference price of the month that shipment taken place where’s term deals should refer to the reference price of an average of 3 (three) previous months from the date of agreement signed. However, before it was committed in the sales contract must be submitted to the Minister through the Director General.
Concluded spot contracts must be executed within one month from the date of contract signed and term contracts must be commenced execution within 2 months from the date of sales and purchase contract and must be completed within a maximum period of 12 months.
Miners are required to submit an annual delivery schedule to the Director-General in the beginning of the year, and if there are any changes in the delivery schedule, then must be reported revised delivery schedule periodically. Violations can lead to revocation of mining permits.
Coal for specific purposes and certain types of coal (fine coal, reject coal and coal with certain impurities) used in the domestic market can be sold at a price below the coal price reference, after obtain approval from the Director General on behalf of the Minister.
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Tuesday, 05 October 10
EWP SEEKING VIETNAMS ANTHRACITE COAL
COALspot.com: South Korea’s EWP is seeking Min 200,000MT of Vietnam coal with plus or minus 30,000MT at EWP’s (Korea East West Power Co ...
Monday, 04 October 10
2 BLN TONS OF COAL RESERVES DISCOVERED IN SOUTHERN PAKISTAN - XINHUA / HELLENIC SHIPPING
Xinhua and Hellenic Shipping reporte dhtat, the discovery of at least two billion tons of usable coal reserves has been confirmed in one of the ...
Sunday, 03 October 10
THE BDI WAS JUST INCREASED BY 8 POINTS AND CLOSED AT 2452 POINTS LAST FRIDAY - VISTAAR
COALspot.com: The BDI was almost at same levels and just increased by 8 points and closed at 2452 points , however the cape index was up by al ...
Sunday, 03 October 10
NALCO TO FINALIZE INDONESIA COAL DEAL BY JANUARY - HINDUSTAN TIMES
HindustanTimes reported that, state-owned National Aluminium Company (NALCO) will finalise a deal with a coal source in Indonesia for its $4 billion ...
Sunday, 03 October 10
INDONESIA WILL BECOME A NET IMPORTER OF ENERGY IN 2030 - BPPT
Jakarta Updates reported that,Indonesian Agency for the Assessment and Application of Technology (BPPT) predicted that the energy situation in Indon ...
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- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
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