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Tuesday, 23 August 11
ICMA CALLS GOVERNMENT TO REVIEW EXPORT BAN REGULATION
.jpg) COALspot.com - Chairman of the Indonesian Coal Mining Association (ICMA) Bob Kamandanu asks the government to review the regulation that being drafted to ban the export of coal with a quality below 5700 kcal/kg on air dried basis. If the coal producers do not increase the heating energy above 5700 kcal/kg, it will be banned for export market.
"Impact of the such policy may be substantial and negative, particularly for capital markets and the economy of Indonesia", said chairman of ICMA.
Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners to improve the value of their coal by upgrading to a minimum level of 5700 kcal/kg on adb basis, if the mine is producing the coal below 5700 GAD. According to the latest draft regulation, Indonesian coal producers must add value for their coal by processing their product to a higher-grade coal.
"We are very confident the government will not arbitrarily issue a regulation without a strong reason to ban the export of coal with calorific value below 5700 kcal/kg. We request the government for review. They should consider all perspectives from all the angles as the impact may shake up the Indonesian capital market and economy”, He said as contacted for comments by COALspot.com, today.
Association, Bob continued, invites the government to sit together to discuss the government plan on coal export ban. If the government wants to conserve, the better policy is focused on it. Similarly, if the aim is to increase the value added or increased government revenues.
Currently, the ICMA has asked Association of Indonesian Mining Experts (Perhapi) to conduct a thorough study both in terms of economic, social, and technology. The results of this study will be independent and study is expected to complete by end September 2011.
According to Chairman of ICMA, the government plans to ban the export of coal with calorific value below 5700 kcal / kg (adb) is too hasty. "If the ban, impact negatively on the economy, then who is responsible," asked Bob.
He believes that the government plans to ban below 5700 kcal/kg coal is limited to just an idea. Moreover, so far there is no coal upgrading technology is available, which is economically and commercially proven & viable.
However, if the regulation is implemented, then the impact will be tremendous, because there are 150 million tons of coal low calorific value coal that cannot be exported. Moreover, Indonesia's domestic market could absorb around 100 million of low calorific value coal in 25 years.
According to Bob, even though the government has revealed a variety of incentives, the association continued to see the policy will be hit by the absence of a commercially and technically proven technology for upgrading the coal. Moreover, the cost to buy such a technology is and is around US$ 250 million and the operational cost also around US$ 15 million. At such a high cost, Bob assess that , the government policy is to the advantage of the countries that developing or manufacturing such technologies.
Accordingly, he requested that the government must abolished it plan completely, or if they want to introduce, then the regulations can come on the effect when the commercially and technically proven technology identifies and implemented.
To contact the reporter responsible on this story: Efendi at efendi@coalspot.com
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Friday, 26 August 11
INTRACO EYES US$200 MIO COAL TAKEOVER - INSIDER STORIES
Heavy equipment distributor PT Intraco Penta Tbk, that was founded by Halex Halim, is scouting a coal acquisition with the valuation above US$200 mi ...
Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing ...
Thursday, 25 August 11
PAITON POWER LOOKING FOR 3.96 MILLION TONS OF COAL
COALspot.com - PT Pembangkit Jawa Bali (PJB) is looking for 3.96 million tons coal with calorific value 4,800 kcal/kg on as received basis. Accordin ...
Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION
COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT M ...
Tuesday, 23 August 11
COAL DEMAND IS REMAINED STRONG IN SPITE OF CURRENT GLOBAL ECONOMIC UNCERTAINTY - BUMI
COALspot.com - Indonesia's largest coal producer, PT Bumi Resources, Tbk (BUMI)'s sales revenue has increased to US$1.79 billion (compared with US ...
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- Commonwealth Bank - Australia
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- Manunggal Multi Energi - Indonesia
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- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Economic Council, Georgia
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- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
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- Australian Coal Association
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- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
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- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
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- Singapore Mercantile Exchange
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- Mercuria Energy - Indonesia
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- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- San Jose City I Power Corp, Philippines
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- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
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- MS Steel International - UAE
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- Cement Manufacturers Association - India
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- Sical Logistics Limited - India
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Parliament of New Zealand
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- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
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- Energy Link Ltd, New Zealand
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- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
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- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- London Commodity Brokers - England
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
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- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
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- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
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