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Tuesday, 15 July 14
INDONESIA'S TOTAL COAL PRODUCTION REACHED ANOTHER HIGH DURING THE FIRST SIX MONTHS; GOVERNMENT EXPECTED TO RAISE ROYALTIES
COALspot.com: Indonesia's total coal production reached 213 million tons during January through June, up by 7.6 percent y-o-y. Coal output in Indonesia, the world's one of the top thermal coal producers and leading exporter, reached 213 million tons during first half this year, up by 7.6 percent compared with 198 million tons over the same period last year, according to data from the Energy and Mineral Ministry, as reported by the Jakarta post last Saturday.
The figure represents more than half of the government's overall cap for coal production throughout this year at 421 million tons. However, director for coal at Energy and Mineral Ministry said he remained optimistic that the production would not be exceeded government's overall cap.
According to paper, as quoted by the director for coal at Energy and Mineral Ministry, around 75% of total coal produced during the first six months of this year, namely 158 million tons were sold overseas.
Indonesia's coal reserve stand at 31.96 billion tons, of which 8.9 billion are proven, according to figures from the ministry, the paper further said.
Indonesian government is also planning to increase the royalty for coal for IUP holders in near future if coal prices reached above US$ 80/mt. According to media reports, the government is planning to increase the royalty from 3% to 7% for calorific value of coal below 5100 kcal/kg coal, 5% to 9% for coal between 5100 - 6100 kcal/kg coal and 13.5% percent for coal above 6100 kcal/kg.
Indonesian coal miners association was agreeing to increase the royalty, but oppose to increasing the royalty at current situation. According to association coal miners are now struggling due to lower coal prices vs. higher production cost. According to miners, if government wanted to increase the royalty for coal, then it can introduce the revised royalty if the coal prices are higher than US$ 100 per mt and not above US$ 80 pmt.
It is seemed that, the government is considering the HBA as its bench mark price to decide whether the price of coal has reached US$ 80 or not.
Indonesian coal reference price (HBA) was set at US$ 72.45 per ton this July, which is 11.53 percent lower than the US$ 81.90 per ton set for January this year or 11.31% lower from the same period last year. In the meantime, this July HBA was 42.98% lower than the all time high HBA of US$ 127.05 per ton set for February 2011.
The association has also called on the government to act on illegal coal mining instead of capping production to control coal output from Indonesia. According to the Indonesian coal mining association, illegal mining of around 56 million tons coal of coal in 2012 and the following years contributed to a prolonged oversupply in the global market, which increased stockpiles and, in turn, led to a fall in prices.
Indonesian government is also to regulate the outflow of coal by controlling coal loading ports. Ministry of Energy and Mineral Resources (MEMR) has determined that, 14 ports will be approved as coal loading ports or as the gateway port of export coal soon. Indonesian Coal Mining Association (APBI-ICMA) also supporting government move on regulate coal loading ports as the association believes that, this move will eliminate or reduce illegal coal exports from countries.
In coming months, we can see number of new regulations and restrictions from Ministry of Energy and Mineral Resources to regulate coal production, transportation and export.
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Wednesday, 09 July 14
SHIPPING MARKET INSIGHT - PANOS TSILINGIRIS
The mini-boom in dry bulker values catapulted ship prices too fast too far over the last one-and-a-half year. The concurrence of historically low p ...
Tuesday, 08 July 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN IN JULY; LOST 1.62%
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia again revised down the coal bench mark price in July. HBA for month of J ...
Tuesday, 08 July 14
ENERGY IN THE MIX - INTERMODAL SHIPBROKERS
With the Tanker freight market having showed much promise this year compared to the performance that had been noted during the previous five, it is ...
Monday, 07 July 14
INDONESIA STATE-CONTROLLED COAL MINER BUKIT ASAM TO TRADE COAL ON-LINE THROUGH JFX
COALspot.com: Indonesian state owned coal miner PT Tambang Batubara Bukit Asam Tbk (PTBA) has teamed up with Jakarta Futures Exchange (JFX) to sell ...
Monday, 07 July 14
RBCT, THE WORLD'S SINGLE LARGEST EXPORT COAL TERMINAL SHIPPED 31.91 MMT OF COAL IN H1 2014
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the world’s single largest export coal terminal, shipped 31.91 million ton ...
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- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Parliament of New Zealand
- Wilmar Investment Holdings
- Minerals Council of Australia
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- The University of Queensland
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Australian Coal Association
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
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