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Friday, 24 July 09
INDONESIAN COAL NEWS - UPDATE
 Income from tax slow
Since the economic crisis in October 2008 until now, tax from the general mining sector is slow. According to the Director General of Taxes, Darmin Nasution, in a press conference, there is no income tax received from the general mining sector as they keep on incurring losses. 31.3% OF TARGET In the period January-June 2009, coal production reached 72 million tons (31.3%) of the 230 million tons national target for this year. The Director General of Mineral, Coal and Geothermal, Bambang Setiawan, said 62 million tons come from Coal Contract of Work (CCoW) holders and 10 million tons from Mining Authorization (KP) holders.
75 million tons in a half year
The Director General of Mineral, Coal and Geothermal, Bambang Setiawan, cited the realization of coal sales in the first half of 2009 reached 75 million tons. Of this amount, 52 million tons were exported and 23 million tons for domestic consumption.
Mining PNBP Rp 7.2 trillion Information from the Director General of Mineral, Coal and Geothermal is that Non-Tax State Revenue (PNBP) from mining up to 30 June was Rp7.2 trillion. Rp43.7 billion is derived from dead rent, Rp4.88 trillion from royalty and Rp2.3 trillion from coal sales.
Not to participate in tender
The President Director of PT Tambang Batubara Bukit Asam, Sukrisno, said the company will not participate in the tender for procuring 3.26 million tons of low rank coal opened by PLN (Persero) under a 20-year contract due to limited transportation.
This year, PT Garda Tujuh Buana Tbk projected a production of 900,000 MT of coal, a jump compared to that in 2008 at 30,000 MT. The company is to export the entire production i.a. to Dynet International in Singapore. “Actually, their demand is 1.2 million tons,” said Business Development Director Socrates Rudi Sirait.
State Enterprise Holding Company not yet clear
The Secretary to the Minister of State Enterprises, Said Didu, predicts that the setting up of a holding company of state enterprises will not have been realized in October 2009, due to constraints of inter department coordination. The forming of a holding company is the mandate of Presidential Instruction No.5/2008 and should have been effective this year. The Presidential Instruction regulates rightsizing and restructuring of state enterprises.
Production up to 70 million tons
PT. Kaltim Prima Coal targets its coal production at 43 million tons this year and throughout 2012-2013 to rise to 70 million tons. According to KPC CEO Endang Ruchyat, the rise in production will be followed by the construction of a 2x100 MW power plant.
Awaits BHP Internal Evaluation
At the moment BHP Billiton is finalizing its internal evaluation on the option of releasing its ownership of the Maruwai coal project in Murung Raya regency, Central Kalimantan. “We are waiting for BHP to open an official tender on the sale of said asset,” said Bumi Resources Tbk spokesperson Dileep Srivastava.
Coal supply secured by PLN
Primary Energy Unit Head Nasri Sebayang is optimistic that coal supply for the 10,000 MW power plants phase I will not be short. A stock of some 5 million tons per year is being readied by a number of supplying companies.
Optimistic Target will be reached
Although until last May production was only 4.58 million tons or 36% of the annual target, the President Director of PT Tambang Batubara Bukit Asam, Sukrisno, is optimistic this year’s target of 12.7 million tons could be reached. “We shall try hard to produce 1.15 million tons per month” he said.
Royalty Remittance to Increase
The government is to optimize state revenue from the mining sector by raising the remittance of royalty from mining companies operating in Indonesia. Special Staff Member of the EMR Minister, Simon F. Sembiring, said the plan is still in the negotiation stage.
Pawning IUP prohibited
The Director of Mineral and Coal Business Development, Bambang Gatot Ariyono, asserted that mining companies are prohibited to pawn company shares or Mining Business License (IUP) to obtain funding loans. Such pawning is against Law No.4/2009 regarding Mineral and Coal Mining.
Source: Coalindo Energy
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Thursday, 23 July 09
COAL IMPORTS SURGE; EXPORTS DOWN IN H1
China Trade Information reported that, China’s coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 mill ...
Thursday, 23 July 09
SRI LANKA CALLS FOR COAL SUPPLY BIDS
Daily Mirro reported that, In a move to install the country’s first coal power plant, Sri Lanka has invited bids to supply 2.4 million metric ...
Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it chea ...
Wednesday, 22 July 09
BERAU COAL DRAWS LOCAL, CHINESE BIDS - SOURCES
* Indonesian coal firm draws local, Chinese bids-sources
* Deal could value Berau at more than $1 billion-sources
Reuters reported that, China' ...
Wednesday, 22 July 09
ONE TENDERS FOR 114,000 MT FOR NOV-JAN
Moroccan state-owned power utility Office National de l’Electricité (ONE) has launched a tender for three handymax shipments of coal fo ...
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- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- White Energy Company Limited
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
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