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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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Sunday, 09 December 12
LOW DEMAND PUSHES CHARTER RATES TOWARDS DOWN - VISTAAR
COALspot.com - The freight market has softened and BDI, The Baltic Dry Index, a measure of shipping costs for dry bulk goods, plunged below 10 ...
Friday, 07 December 12
A NEW PHASE FOR AUSTRALIAN RESOURCES - A FITCH STREET INTERVIEW
This week Matt Jamieson spoke with Andrew Colquhoun in Fitch's Asian sovereign rating team, and Vicky Melbourne, Fitch's commodity analyst based i ...
Friday, 07 December 12
SHIPPING INDUSTRY LOOKING ON YET ANOTHER TOUGH YEAR AS WE APPROACH 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With shipping finance "on the ropes" as traditional lenders appear to be cutting their losses and tonnage oversupply still the most import ...
Thursday, 06 December 12
PANAMAX : THE POSITIVE VIBES IN THE ATLANTIC REMAINS - FEARNLEYS AS
Handy
The Atlantic market is still depressed with dearth of cargoes and more ships. The trips from Continent to Feast fixed around USD 12k. Trips f ...
Thursday, 06 December 12
STRONG CHINESE DEMAND FOR DRY BULK COMMODITIES EXPECTED FOR 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A new analysis from BIMCO released yesterday suggests that 2013 is expected to be a stronger year in terms of China's "hunger" for commod ...
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- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- PTC India Limited - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
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