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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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Saturday, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 bil ...
Friday, 01 October 10
COAL TRADERS POWER FOREIGN ASSET BUYS - ECONOMIC TIMES
Economic Times reported that, the rush to own coal assets is leading to innovative alliances. are teaming up with utilities like , Reliance Power an ...
Thursday, 30 September 10
INITIAL PHASE OF MOATIZE MINING BY EARLY NOVEMBER - ALL AFRICA
All Africa report that, the initial phase of mining coal at Moatize, in the western Mozambican province of Tete, will begin by early November, and t ...
Thursday, 30 September 10
THE PANAMAX CONTINUED ITS DOWNWARD TREND FROM LAST WEEK - FEARNBULK
HANDY
Activity remains slow this week combined with a lack of fresh enquiry and tonnage over-supply in the Atlantic. Indexes are all negative exce ...
Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
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- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- PTC India Limited - India
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- White Energy Company Limited
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
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