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Saturday, 27 September 14
MORE COAL MINERS AGREE TO AMEND CONTRACTS - THE JAKARTA POST
 The Energy and Mineral Resources Ministry is in a rush to beat a deadline for the conclusion of numerous memorandums of understanding (MoUs) with the country’s coal-mining companies before the change of government next month, the Jakarta Post reported today.
With the signing of the MoUs, the mining companies agree in principle to adjust their operating permits as well as their financial obligations, such as royalties, in line with the 2009 Mining Law.
According to post, in the last few days, a number of MoUs have been signed by the ministry’s director general for minerals and coal and the holders of coal contracts of work (CCoWs). “To date, we have signed 58 MoUs,” director for coal Bambang Tjahjono said on Thursday. The total number is a significant increase compared on the 44 CCoWs as of Sept. 5.
The MoUs will be the basis of the drafting of CCoW amendments, which are expected to be completed within six months after the MoU signing. The 58 CCoW MoUs signed already include deals with big coal players, such as PT Adaro Indonesia, PT Kaltim Prima Coal and PT Arutmin Indonesia, the paper reported.
The minerals and coal office is now working to accelerate the negotiation process with the other 15 CCoW holders.
Only PT Berau Coal and PT Kideco Jaya Agung remain among the big coal players holding the first generation CCoW holders which have not yet signed MoUs with the mineral and coal office, according to director general R. Sukhyar.
Paper's report says, as for Kideco, according to Sukhyar, the negotiating parties are still working to settle a disagreement on the amount of tax on dividends, in which the government wants to raise the figure to 20 percent, as stated in a regulation, from the current 10 percent as stated in the company’s CCoW.
The paper further said, meanwhile, discussions with Berau are in deadlock as the government wants to get a full royalty of 13.5 percent. “Currently, if Berau sells coal from the government’s share, it only pays 11 percent in royalties as the other 2.5 percent is calculated as transportation costs. We are now trying to make the payment a full 13.5 percent,” Sukhyar said.
The government is struggling to renegotiate a total of 107 contracts, consisting of 73 CCoW and 73 mineral contracts of work (CoWs), to be adjusted in line with the requirements of the 2009 Mining Law, the post noted.
Under the current target, the deadline for completion of MoUs is the end of September.
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Thursday, 02 October 14
CAPESIZE - DULL AND WITHOUT MUCH DIRECTION AS IRON ORE AND COAL VOLUMES FAIL TO LIVE UP EXPECTATIONS
Handy
After the recent weeks´ rate increase in the Atlantic we see Panamaxes snapping up handymax and Supra cargoes at much lower levels, p ...
Wednesday, 01 October 14
ASIAN THERMAL COAL PRICES TO REMAIN WEAK ON OVERSUPPLY - FITCH
COALspot.com: The thermal coal market in Asia will remain oversupplied in the next 12 months, in spite of on-going rationalisation of production, a ...
Wednesday, 01 October 14
PANAMAXES: DEFENSIVE, STRUGGLING TO KEEP ANY FURTHER DECREASES - INTERMODAL
COALspot.com: The Dry Bulk market seemed unable to shake off the trend of the week prior and the BDI remained on a downward slope for the bigger pa ...
Wednesday, 01 October 14
FITCH: GLOBAL ECONOMY FACES MULTI-SPEED RECOVERY, MULTIPLE RISKS
Fitch Ratings says in its latest Global Economic Outlook (GEO) that global growth will pick up in 2015 and 2016, but risks are weighted to the down ...
Tuesday, 30 September 14
COALVIEW TO PARTICIPATE AT MET COKE WORLD SUMMIT 2014 IN CHICAGO
COALspot.com: Coalview Ltd., LLC(“Coalview”) America's leading fully integrated coal technology and fine coal recovery company prov ...
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- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Australian Coal Association
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