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Friday, 14 September 12
GOVT OFFERS CONDITIONAL TAX HOLIDAY TO AILING COAL MINERS - JP
 The Jakarta Post, one of the leading English news paper in Indonesia reported that, acknowledging difficulties encountered by coal miners due to a prolonged drop in prices, Deputy Energy and Mineral Resources Minister Rudi Rubiandini promised on Thursday that the government would provide fiscal incentives to ease the mining companies’ financial problems.
The minister said that the continued fall in coal prices would severely hurt the country’s coal mining companies.
The paper further said, “the government is ready to help by giving tax holidays or with other fiscal measures. The coal mining association has come to us to talk about the issue and asked for help. But we decided that the government would only intervene if the price hit US$ 60,” he said.
As of late last month, Indonesia’s coal reference price (HBA) fell to $84.65 per ton, declining 3.4 percent from $87.56 in July and 25 percent from its high of $112.87 in March.
Meanwhile, analysts have forecast that the Indonesian coal mining sector would remain under pressure due to the economic slowdown still affecting the four biggest coal importers countries — China, Japan, South Korea and India — and flooding coal supplies from non-traditional seaborne exporters.
Separately, the Indonesian Coal Mining Association’s (APBI) Bob Kamandanu told The Jakarta Post on Thursday that he hailed the government’s idea to provide fiscal incentives but doubted it would keep the promise.
“That is a good idea [to issue a tax holiday]. That means the government cares. But we don’t know whether the idea will be realized or not,” he said.
“Nevertheless, I don’t believe that the price would drop down that far. I guess the price will stay around $90 per ton by the end of this year,” he said.
The Newcastle thermal coal price, the benchmark for seaborne coal prices in Asia, set the average coal price around $90 to $95 a ton in 2012.
As reported earlier, some of the country’s major coal producers have prepared themselves for the fallout.
PT Adaro Energy, the nation’s second-largest thermal coal producer, has revised its annual production target for 2012 to between 48 million and 50 million metric tons, down from 50 million to 53 million tons.
PT Berau Coal Energy, a subsidiary of London-listed Bumi Plc., said it would also lower its production forecast to 20 million and 22 million tons, down from 23 million tons.
Meanwhile, Reuters reported on Wednesday that prices for benchmark Japanese imports of coal for its steel and metal-making furnaces may drop by around 25 percent as the fuel nears the cheapest it has been for three years.
Japanese steel mills and Australian producers are likely to settle for $160–$170 a ton FOB Australia for the fourth quarter, a sharp drop from the previous quarter but still a premium of $10–$20 above spot prices, producers and traders said.
The Japanese-Australian quarterly price is still the most important benchmark against which other types and origins of metallurgical coal is sold and a key indicator of the market’s strength, despite the growing acceptance of recently introduced daily index prices.
Source: The Jakarta Post
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Thursday, 13 December 12
HANDY : WCI-CHINA RATES AROUND $ 6000 AND ECI-CHINA AROUND $ 4000 - FEARNLEYS
Handy
Atlantic market remained unchanged. Rates from USG to Feast were around USD 18k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates ...
Wednesday, 12 December 12
69.23 PERCENT OF END-USERS ARE BELIEVE, COAL PRICES ARE IN UPWARD TREND
COALspot.com - The Indonesian government’s declared coal reference price for December’ 12 has gained US cents 31 per MT M-o- ...
Wednesday, 12 December 12
CAPESIZE FREIGHT RATES TO RANGE BETWEEN $9,000 - 16,000/DAY IN THE COMING WEEKS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted yesterday, that Capesize time-charter rates are expected to stay elevated in the foll ...
Tuesday, 11 December 12
NEWCASTLE PORT IN AUSTRALIA HAS LOADED 2,720,205 MT OF COAL W/E 10 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,720,205 MT of thermal and coking coal for week ended 0700 hours 10 December 2012, Newc ...
Sunday, 09 December 12
COAL SWAPS HAVE LOST DIRECTION DUE TO LACK OF ASIAN INTEREST
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 2.43 percent M-M but lost WoW by 0.54 percent and 0.62 ...
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- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Minerals Council of Australia
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
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