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Wednesday, 11 December 13
THE INDONESIAN GOVERNMENT IS CONSIDERING SETTING A REGULATION ON THE MINIMUM PURITY TO REGULATE UNPROCESSED ORE BAN
 COALspot.com: Energy and Mineral Resources Minister Jero Wacik recently proposed to house those mining (mineral) companies that had shown a commitment to build smelters ought to be exempted from the upcoming export ban on raw ore. However the proposal was rejected by house member of commission VII who is overseeing energy ministry. According to majority of members of commission VII, the mining companies had already been given more than four years to comply with the requirement; hence the export ban has to be implemented fully by 12 January 2014.
In the meantime, according to circular No. 04/M-DAG/ED/12/203 dated 9 December posted on minerba's website, says that the unprocessed ore export will be allowed until 12 January 2014. The circular was signed by Bachrul Chairi, the director general for foreign trade of Trade Ministry of Indonesia. It is mean, no unprocessed ore exports will be allowed after 12 January 2014.
However the industry players says, most of the country’s miners including large scale miners would be unable to comply with the law, which only allows the export of ore that has first been processed in domestic smelters beginning January 12' 2014. Constructing a smelter and a power plant are requiring a huge amount of fund, time and certainty of raw material supply.
As quoted by a local news paper, the government is still seeking a way, without breaking the law, to allow mining companies that have concrete plans to build smelters to still be able to export their ore.
Ali Mardi, partner of Pricewaterhouse coopers says, during PWC's Mining Breakfast Technical Update, today, MoEMR regulation No.7/2012 and its amendments governs in-country mineral processinghas been revoked by country's Supreme court recently, this mean there are currently no rules to implement the in-country processing requirements, but the mining law is still in force to ban the export.
In the meantime, the Trade Ministry’s director general for foreign trade, Bachrul Chairi, said Tuesday that the government was considering setting a regulation on the minimum purity threshold for processed ore produced by local mining companies, as quoted by the Jakarta post.
Country's mining sector particularly ore miners and exporters are awaiting a clear guidance or regulation from the government on unprocessed ore export ban by 12 January 2014, The planned raw ore export ban at the start of the new year, but government has yet to offer a concrete implementation statement.
Marwan Batubara of Indonesian Resources Studies (IRESS) said firmer official statements were necessary to give certainty to the market about the implementation of the mining law, as quoted by JP yesterday.
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Wednesday, 13 November 13
THE SOFTENING HAS AFFECTED THE BIGGER SIZE SEGMENTS; SMALLER ONES STILL APPEAR TO BE VERY STABLE - INTERMODAL
After a month and a half of back to back weekly declines, the dry bulk market has finally reversed its negative course. We believe that there should ...
Wednesday, 13 November 13
DRY BULK MARKET HAS REVERSED ITS NEGATIVE COURSE - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable+ )
The Dry Bulk market has reversed its negative course this past week with rates for Capes making up fo ...
Wednesday, 13 November 13
NEWCASTLE COAL EXPORTS PLUNGE 12.40% IN W/E 10 NOVEMBER FROM THE PRIOR WEEK
COALspot.com: In the week ended November 11, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.42 ...
Monday, 11 November 13
TAMIL NADU STATE OWNED POWER GENERATOR TO IMPORT 3.7 MMT OF 6000 GAD COAL
COALspot.com - TANGEDCO, Tamil Nadu Generation & Distribution Corporation Ltd, Tamil Nadu state owned power generator & distributor intends ...
Sunday, 10 November 13
PANAMAX COAL FREIGHT RATES REMAIN UNDER PRESSURE; SUPRAMAX BIGGEST GAINER - REDDY
COALspot.com: The freight market was up this week with all indices increased except for Panamax index.
The BDI was up by 56 points closing at 158 ...
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- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Australian Coal Association
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- PTC India Limited - India
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
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