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Monday, 14 April 14
INDONESIA'S Q1 COAL PRODUCTION LITTLE CHANGED EVEN WITH PRICE DROP - INVESTOR DAILY
 Indonesia’s coal production by volume in the first quarter remained little changed from the same period last year despite the decline in the coal price, according to the Energy and Mineral Resources Ministry.
“Coal production as of April 10 stood at 110 million [metric] tons. That is already a quarter of our target this year, which is 421 million tons,” said R. Sukhyar, the ministry’s director general of coal and mineral resources, over the weekend.
Coal exports accounted for 74 percent, or 81 million tons, of total coal production, while domestic demand made up the remaining 26.4 percent.
By the end of March of last year, coal production was 105 million tons.
Sukhyar said that the low coal commodity price has hurt production at mining companies.
“Production cost could reach above $25 per ton. If the coal selling price is $19 per ton, then businessmen will have difficulties in producing coal,” he said.
Mining companies, though, would have to be efficient in response to the drop in coal price, said Supriatna Suhala, the executive director at the Indonesian Coal Mining Association (APBI).
“To cover the loss, businessmen will increase production in general,” he said, adding that businessmen would also have to make cuts in expenditure.
In April, coal was selling at about $74 per ton, while the lowest coal selling price was $19 per ton.
The benchmark coal index in Newcastle had dropped 15 percent to $74.55 per ton in the first quarter. Coal peaked in early 2011 at more than $135 a ton, but it has fallen in each of the past three years.
The total amount of coal production in the first quarter this year came from mining companies that hold coal mining licenses [PKP2B] and permits [IUP], said Edi Prasodjo, the coal business director at the Energy Ministry.
“PKP2B [holders] contribute some 75 million tons, and the rest is from IUP [holders],” Edi said.
Additionally, Sukhyar said that the plan to raise the royalty fee on coal to 13.5 percent for coal mining permit holders was still under discussion. The increase will be included in the revised version of the 2012 government regulation related to non-tax state income. Some small coal miners pay as little as 3 percent in royalties.
“We are still discussing it with the APBI. [The royalty increase] should be handled prudently, because the price is dropping. Don’t let the implementation shut down production,” Sukhyar said.
Source: Investor Daily / The Jakarta Post
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Monday, 07 April 14
API 8 CFR SOUTH CHINA COAL SWAPS GAINED 2.09% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries gained 2.09 percent month on month and closed at US$ 75.68 per ...
Sunday, 06 April 14
THE FREIGHT MARKET KEEPS SLIDING
COALspot.com: The freight market continued to drop this week. The BDI (Baltic Dry Index) is a widely followed metric that reflects the overall r ...
Friday, 04 April 14
UNITED STATES COAL OUTPUT UP 5.4% IN PAST WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.9 million short tons (mmst) of coal i ...
Thursday, 03 April 14
PANAMAX SECTOR IS WATCHING A SEVERE DROP IN RATES - FEARNLEYS
Handy
A further weaker sentiment for the Supras as well in both hemispheres this week with oversupply of tonnage being the major headline. Tra ...
Wednesday, 02 April 14
CHINA: ARBITRATION CLAUSES IN BILLS OF LADING UNDER CHINESE LEGAL PRACTICE - SKULD
KNOWLEDGE TO ELEVATE
Successful incorporation of a charterparty arbitration clause into the bills of lading is not a straight forward matte ...
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- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Planning Commission, India
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- The University of Queensland
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
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