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Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
 COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal Price Reference (ICPR) is aimed at securing continued domestic coal supply and optimization of state revenue. The DMO and ICPR programs is currently in the final stages of implementation.
“During the transition period, the government will implement and distribute average monthly coal prices as a reference for coal mining companies operating in Indonesia” explains the Director General of Mineral, Coal and Geothermal, Bambang Setiawan during the 15th Coaltrans Asia in Nusa Dua, Bali (1-3/6)
The implementation of DMO and ICPR refers to Presidential Decree No.5/2006 on National Energy Policies which states that by 2025, coal shall contribute to 35% towards the national energy mix. This is also regulated in Law No.3/2007 on Energy and Law No.4/2009 on Mineral and Coal Mining.
According to article 11 and 12 of the PKP2B contract, mining companies are able to export their products after fulfilling their domestic market coal obligation. Mining companies are also obligated to help support domestic coal supply. This program emphasizes the need to determine domestic coal demand and the Minimum Domestic Coal Supply Obligation Percentage (PMPBDN) for each company.
“DMO is divided proportionally between each coal mining companies through an agreed work and financial plan” explains the Director General of Mineral, Coal and Geothermal, Bambang Setiawan. The Director General further explains that the PMPBDN is regulated in the form of a ministerial decree. A ministerial decree on domestic coal demand is issued based on of coal demand calculation put forward by domestic coal consumers.
ICPR will be regulated based on the average of 4 price index, consisting of BJ and GC as an international coal price reference, and ICI and Platts as the Indonesian coal price reference. Coal price is then set according to this reference, where coal prices is then set towards Indonesian coal production, reflecting their quality an quantity.
Indonesia is one of the main producers of coal, exceeding 220 million metric tones in 2008 alone. Most of this production, or around 70% is then exported, with the remaining 30% allocated for domestic demands. Indonesia is currently preparing to implement several policies to ensure domestic coal supply due to increasing domestic demands.
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Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
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