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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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Friday, 04 July 14
PARAM MITRA COAL RESOURCES SECURES US$ 7.5M INVESTMENT FROM TEMBUSU PARTNERS
Param Mitra Coal Resources Pte Ltd (“PMCR”), which owns two operating coal mines in Indonesia, has secured from Singapore private equit ...
Thursday, 03 July 14
BUMI TRANSFERS 19% OF KPC STAKE VALUED AT US$ 950 MILLION TO CIC
COALspot.com: PT. Bumi Resources announces that 19% of its holdings in Kaltim Prima Coal (KPC), valued at US$ 950 million, has been transferred to ...
Thursday, 03 July 14
PANAMAX : IN THE ATLANTIC, OWNERS ARE WILLING TO FIX AT ABOUT $2.5K PER DAY - FEARNEYS
Handy
In its latest weekly report, shipbroker Fearneys noted that, this week seems to have been more of a wait and see game between owners and ch ...
Wednesday, 02 July 14
NEWMONT FILES FOR INTERNATIONAL ARBITRATION ON ORE EXPORT BAN - THE JAKARTA POST
PT Newmont Nusa Tenggara (NNT), a subsidiary of United States-based Newmont Corporation, has filed for international arbitration against the govern ...
Wednesday, 02 July 14
THE PANAMAX MARKET CONTINUED TO BLEED FOR ANOTHER WEEK - INTERMODAL
COALspot.com: The Dry Bulk market succumbed to mounting pressure this past week, while the Capesize market proved unable to “save the day&rdq ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Videocon Industries ltd - India
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Australian Coal Association
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
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