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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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Friday, 30 November 12
IS INDONESIAN COAL INDUSTRY DEPENDS HEAVILY ON INDIA AND CHINA?
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 35,143,587* tons of coal in October 2012. October exports are 19 ...
Thursday, 29 November 12
BUMI TO PRODUCE 100 MILLION TONS OF COAL BY 2014
COALspot.com - Expansions on both BUMI’ s subsidiaries, PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia ( Arutmin) , are ...
Thursday, 29 November 12
PANAMAX : A FAIRLY STEADY MARKET WITH USD 8.5-9K/DAY FOR 2 LADEN LEGS IN ATLANTIC - FEARNLEYS
Handy
The Atlantic market continues to remain quiet due to more supply of ships. Rates from USG to Far East were around USD 18k and Black Sea to Fa ...
Thursday, 29 November 12
DRY BULK MARKET SLIGHTLY HIGHER DESPITE LULL ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market was marginally higher yesterday, according to the industry's benchmark, the Baltic Dry Index (BDI), which rose by 7 points to 1 ...
Wednesday, 28 November 12
NEWBUILDING ORDERING PICKS UP AS SHIP OWNERS LOOK TO CLOSE DEALS BEFORE THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners are active once again in the newbuilding ordering market, as they look to clinch deals ahead of the end of the year. Once again their fo ...
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- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Parliament of New Zealand
- VISA Power Limited - India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- White Energy Company Limited
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
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