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Saturday, 06 September 14
SLOW COAL EXPORT REGISTRATION RAISES CONCERNS - THE JAKARTA POST
 Several coal mining companies have yet to receive the go-ahead from the Energy and Mineral Resources Ministry to obtain exporting licenses, leading to concerns that millions of tons of coal will not be exported next month.
The ministry’s mineral and coal directorate general has issued 33 recommendations to date, according to Gultom Guska, marketing division and coal production head. A recommendation from the mineral and coal office is necessary for coal miners to process export licenses at the Trade Ministry.
“We are reviewing which companies have fulfilled their obligations with regard to royalty payments, the environment and exploration activities,” Gultom said.
All coal miners, both holders of coal contract of works (CCoW) and coal mining permits (IUP), are required to obtain export licenses. Companies are required to process the license before Oct. 1, a deadline that has been extended from Sept. 1.
At present, there are currently 75 mining firms holding CCoWs and 1,394 IUP holders producing coal, according to figures from the mineral and coal office as of July.
The coal export regulation, aimed at curbing illegal mining, has been agreed to by industry players, but they have demanded a longer transition period to comply with the new rule.
Companies would need at least a three-month transition period to process all the necessary requirements as shipment procedures got complicated, said Bob Kamandanu, chairman of the Indonesian Coal Producers Association (APBI).
Director for coal Bambang Tjahjono admitted earlier that coal players had raised concerns over the new regulation and shipment procedures.
“They particularly objected to royalty payments. Under the new plan, we will require companies to pay royalties before carrying out shipments,” Bambang said.
Indonesia, a major producer of thermal coal, has seen a massive jump in coal production over the last few years.
National coal production last year reached 421 million tons, almost doubling from 254 million tons in 2009, according to figures from the Energy and Mineral Resources Ministry. Most of the coal was produced by CCoW holders. Some claimed that the production volume was actually higher than the government’s figures due to illegal mining activities.
The country’s coal exports reached 431 million tons in 2013, also almost doubling from 220 million tons in 2009, according to figures from the Trade Ministry.
The government is targeting to achieve maximum coal production volume of 421 million tons this year, the same level as last year’s output.
“Given the regulation on coal exports, we are trying to slow down exports. We will slowly flatten national production to secure energy sources for the future as well as reduce exports and increase domestic consumption,” Gultom said.
Out of the total production plan of 421 million tons this year, only 95 million tons is targeted to be consumed by the domestic market.
However, the target will likely be missed as state-owned electricity firm PT PLN, currently the biggest coal consumer in the country, is not sure as to whether it will be able to meet its coal consumption target.
Suryadi Mardjoeki, head of PLN’s fuel and gas division, said the company’s coal consumption to generate electricity had reached only 21 million tons in the first semester of the year, less than a half of its full-year target of 51 million tons.
Source: The Jakarta Post
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Wednesday, 03 September 14
CFR S.CHINA COAL SWAP FOR JAN 2015 DELIVERY CLOSED AT $ 68.30 PMT; DOWN 2.43% W-O-W
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 0.95 (-1.39%) day on day and US$ 1.40 (-2.03%) week on wee ...
Tuesday, 02 September 14
BERAU COAL HAS AWARDED A CONTRACT EXTENSION TO BUMA FOR 647 MLN BCM OVERBURDEN REMOVAL
COALspot.com: PT Delta Dunia Makmur Tbk (“DOID”) has announced that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama (&l ...
Monday, 01 September 14
GLOBALCOAL WELCOMES TWO NEW MARKET MEMBERS
COALspot.com: globalCOAL® announced today that two Market Members have joined its trading community. Both new Market Members are from the India ...
Sunday, 31 August 14
COAL FREIGHT RATES INTO INDIA FROM INDONESIA FIRM
COALspot.com: The freight market continued to firm this week. BDI up 5.42 percent week ended 29 August and closed at 1147 points while the Ca ...
Saturday, 30 August 14
INDIAN GOVERNMENT SHOULD TAKE NOTICE: THERMAL COAL IMPORT PRICES EXTREMELY LOW - COMMODORE RESEARCH
COALspot.com: Both Indonesian and Australian thermal coal prices are at the lowest levels seen this decade, with Indonesia's monthly benchmark ...
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- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
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- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
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- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
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- Planning Commission, India
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- Indogreen Group - Indonesia
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- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
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- Indonesian Coal Mining Association
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- Power Finance Corporation Ltd., India
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- Kideco Jaya Agung - Indonesia
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- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
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- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
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- McConnell Dowell - Australia
- The Treasury - Australian Government
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- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
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- Sojitz Corporation - Japan
- Aditya Birla Group - India
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- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
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- Economic Council, Georgia
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- Romanian Commodities Exchange
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- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
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- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
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- Indian Oil Corporation Limited
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- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
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- IEA Clean Coal Centre - UK
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- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
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- SMC Global Power, Philippines
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- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
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- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
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- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Parliament of New Zealand
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- Salva Resources Pvt Ltd - India
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- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
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- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
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- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
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- GVK Power & Infra Limited - India
- Australian Coal Association
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
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- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
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