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Thursday, 04 September 14
INDONESIAN COAL MINERS MAY GET MORE TIME ON ROYALTIES - FITCH RATINGS
 COALspot.com: Fitch Ratings says that coal miners in Indonesia are likely to get more time to repay the government the royalties that were set off against value-added taxes (VAT) since 2001 because of complexities associated with the settlement, and the prospect that key policy decisions for such an important sector may have to wait until Indonesia's new president is inaugurated.
The Ministry of Energy and Mineral Resources had set a deadline of end-October 2014 for the repayments. This applies to coal miners operating under first- and second-generation coal contracts of work (CCoW) who started netting off input VAT against royalties when the central government classified mining as a VAT-exempt sector in 2001.
The amount of royalties owed is substantial for large CCoW concession holders - for example, PT Adaro Indonesia reported about USD750m as at June 2014. The complications associated with the implementation of this directive include the requirement to pay interest retrospectively on unpaid royalties to-date and the return of VAT from the government. While the exercise will likely result in a 'zero-sum' outcome for the state as well as coal producers in terms of net cash flows eventually, many coal producers will find a large upfront payment challenging under current poor market conditions, which have weakened their cash generation and liquidity.
Indonesia has a track record of introducing numerous changes to its mining regulations, but has also demonstrated some pragmatism when implementing them, often revising them based on consultations with industry participants. Given the cash flow challenges faced by many coal miners in the country, we expect a rational outcome for the settlement of royalties. We also believe there is a strong possibility of a final outcome being delayed until after the inauguration of the new president on 22 October 2014, given the importance of mining to the economy, employment and state revenues of Indonesia.
Another potential challenge for the coal miners is a new proposal by the state requiring coal exporters to pay royalties prior to shipping their cargoes. At present, miners pay royalties one to three months after shipment, once cash is collected from their customers. Given the cash flow challenges and curtailed access to funding for the sector in general, we feel that this shift too could be challenging to implement.
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Friday, 05 September 14
U.S. PRODUCED 19.2 MMST OF COAL LAST WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
Thursday, 04 September 14
PUNJAB STATE POWER CORPORATION LIMITED OF INDIA HAS DECIDED TO BUY IMPORTED COAL - HINDUSTAN TIMES
COALspot.com: The Punjab State Power Corporation Limited (PSPCL) has decided to buy imported coal to run its thermal plants, as reported by Hindust ...
Thursday, 04 September 14
INDONESIAN COAL SWAPS SLIDE THIS PAST WEEK
COALspot.com: Indonesian coal swaps for average October 2014 decreased US$ 0.90 (-1.68%) day on day and US$ 1.80 (-3.31%) per mt week on week. The ...
Thursday, 04 September 14
CAPESIZE : SENTIMENT REMAINS POSITIVE FOR Q3/Q4 - FEARNRESEARCH
Handy
The Atlantic market has experienced more activity this week. Rates for TA´s are up about 8% w-o-w, much lead by an increasing number ...
Wednesday, 03 September 14
KOREA MIDLAND POWER CO. LTD INVITES BIDS FOR 1 MMT OF BITUMINOUS & SUB-BITUMINOUS COAL FOR BORYEONG POWER PLANT
COALspot.com: KOMIPO again in the market for 1 million tons of 5700 NAR and 4600 NAR coal for Jan – March 2015. South Korean state-owned util ...
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Showing 3506 to 3510 news of total 6871 |
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- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
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