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Friday, 06 December 13
INDONESIAN PARLIAMENT REJECTED A GOVERNMENT PROPOSAL TO EASE THE BAN ON EXPORTING UNPROCESSED ORE
 COALspot.com: Indonesian House of Representatives rejected a proposal from Energy and Mineral Resources Minister Jero Wacik on to ease the ban on exporting unprocessed ore by 12 January 2014.
The Energy and Mineral Resources Minister Jero Wacik has proposed to house, that mining companies showing a strong commitment to build domestic smelters should be exempted from the ban staring from 12 January 2014.
However, House Commission VII of Indonesian parliament overseeing energy and mineral resources rejected the proposal, saying that mining firms had been given plenty of time to build smelters, but had failed to show concrete action.
Indonesian mining companies are facing shutdown after the House of Representatives rejected a government proposal to ease the ban on exporting unprocessed ore, which is set to take full effect at the beginning of next year. If implemented as planned, the ban on exporting raw ore could cripple the country’s mining sector, as most firms, including giants Freeport Indonesia and Newmont Nusa Tenggara (NNT), do not process most of their ore in local smelters, as quoted by local English news paper, the Jakarta Post.
Indonesian Mining Business Association (Apemindo) executive director Ladjiman Damanik said that the House’s rejection of the proposal was a big blow for miners and massive layoffs would ensue, as miners unable to comply with the new law would have to cease operating, as quoted by paper.
The 2009 Mining Law requires mining companies in Indonesia to process ore in domestic smelting facilities starting in January 2014 or face ban on exporting raw ore.
If implemented fully as planned, shipping industry also will be affected significantly. Recently, Indonesia Ore exports contributed significantly to shipping industry to keep the shipping freight stable.
Observers have said that the raw ore export ban would seriously dent the country’s export earnings and widen the country’s trade deficit. Government revenue would also take a big hit, as taxes and royalties from mining companies would decline significantly, the Jakarta post further said in its today's edition.
According to JP, Freeport Indonesia, the local subsidiary of American mining giant Freeport McMoRan Copper and Gold, has warned that it could shut down its mining operations in Timika, Papua if the ban was implemented without exception. Currently, Freeport Indonesia, which employs about 24,000 workers, ships about 40 percent of its annual production of around 2.5 million tons of copper concentrates to its partly owned smelter PT Smelting in Gresik, East Java.
According to JP, the mining giant has agreed to process the larger part of its concentrate in two other local smelting plants, which are now under feasibility studies. The two smelters are scheduled to begin commercial operation in 2017.
Government has also considered to ban export of low calorific value coal under the said law. However it is not clear that, whether the low calorific value coal export ban also will be followed by unprocessed ore export ban by 12 January 2014 or not.
If the law fully implemented, despite of lost of huge income in form of taxes and royalties from mining sector, the world may see a significant corrections in Ore prices as well as ocean freights.
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Tuesday, 03 December 13
PORT OF NEWCASTLE IN QUEENSLAND SHIPPED 1.22 MMT MORE COAL W-W
COALspot.com: In the week ended December 2, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.49 ...
Tuesday, 03 December 13
U.S PRODUCED 900.80 MMST YEAR-TO-DATE
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.7 million short tons (mmst) of coal in ...
Monday, 02 December 13
SUB-BIT INDONESIA COAL SWAP DIFFERENCE BETWEEN Q1 AND Q3 DELIVERIES ARE VERY MARGINAL
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’ 14 delivery gained $ 1.67 pmt month on month on Friday 29 Novemb ...
Sunday, 01 December 13
API 8 CFR SOUTH CHINA COAL SWAP FOR Q2 AND Q3 DELIVERY SHOWS A DECLINE
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 0.63 percept d-d on Friday 29 November 2013. The CFR South ...
Sunday, 01 December 13
PANAMAX RATES HAVE REBOUNDED - CAPT. REDDY
COALspot.com: The freight market was quite firm last week with all the indices increased. Cape Index was gained highest this week which supports inc ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
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