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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, 12 October 12
INVESTMENT OPPORTUNITIES OCCUR IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although 2012 has by now evolved into one of the most challenging years for global shipping industry, ship owners are scouting the second hand ship ...
Thursday, 11 October 12
SINGAPORE BASED COAL SOURCE AND SHIPPING BAGS 300K MT IMPORTED COAL SUPPLY CONTRACT FROM TNPL
COALspot.com - India-based paper manufacturer Tamil Nadu Newsprint and Papers Limited has awarded a tender for 300,000 mt of imported steam co ...
Thursday, 11 October 12
PANAMAX : SINCE LAST WEEK RATES HAS FIRMED FOR ALL TRADES - FEARNLEYS AS
Handy
The Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to East Med were around USD 14k and B ...
Thursday, 11 October 12
DRY BULK MARKET STEADY AFTER CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market hasn't yet staged a solid rebound after last week's holidays in China, as many would have expected. Indeed, many analysts were ...
Wednesday, 10 October 12
NEW BUILDING MARKET ON A QUIET WEEK, DUE TO ASIAN HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The newbuilding ordering activity has been more than quite during the course of the past week, as a result of holidays in both Korea and China. Acco ...
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- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- The University of Queensland
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- PTC India Limited - India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Australian Coal Association
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
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