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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, 01 November 12
SOUTH KOREAN POWER UTILITY EWP TO PURCHASE 670,000 MT OF COAL FOR JAN - FEB 2013 DELIVERY
COALspot.com: Korea East-West Power Co. Ltd. on behalf of Korea South-East Power Co. Ltd., Korea Southern Power Co. Ltd., Korea Midland Power Co. Lt ...
Thursday, 01 November 12
KOMIPO LOOKING FOR 440,000 MT OF 4600 KCAL/KG NAR COAL FOR BORYEONG POWER PLANT
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids from coal producers, marketing companies or traders to supply of 440,000 Metric ...
Thursday, 01 November 12
CAPESIZE RATES FALL, DRY BULK MARKET RETREATS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It was another lackluster session yesterday in the dry bulk markets, with the industry's benchmark, the BDI (Baltic Dry Index) retreating by 1.63 p ...
Thursday, 01 November 12
HANDY : WCI-CHINA RATES ARE AT AROUND USD 5,000 AND ECI-CHINA AROUND USD 4000 - FEARNLEYS AS
Handy
The Atlantic market remains quiet due to a lack of cargoes and an increased supply of ships. Rates from the Continent to east Med were around ...
Tuesday, 30 October 12
COAL PRODUCTION TO RISE BY FIVE PERCENT IN 2013 - TEMPO INTERACTIVE
TEMPO Interactive reported that, Indonesian Coal Mining Association (APBI) chairman Bob Kamandanu has estimated that Indonesian coal production will ...
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- Planning Commission, India
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
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