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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, 25 September 14
LACK OF COAL BUSINESS PUSHING DOWN PANAMAX EARNINGS IN PACIFIC
Handy
In the Atlantic we see rates steady climbing upwards. More coal cargoes out of USG and USEC are helping the TA market which is up some USD ...
Wednesday, 24 September 14
ADARO AGREED TO REDUCE ITS CONCESSION AREA TO 31,379.8 HECTARES
COALspot.com: PT Adaro Energy Tbk (Adaro Energy) today announced that, PT Adaro Indonesia (AI), its wholly owned subsidiary, entered into a M ...
Wednesday, 24 September 14
CAPESIZE: ACTIVITY IN BOTH BASINS WAS UNIMPRESSIVE
COALspot.com: The end of the week prior seems to have marked the tone for the days that followed, with the Dry Bulk market giving up a significant ...
Tuesday, 23 September 14
MEDCO TO INCREASE ITS COAL PRODUCTION NEXT YEAR
COALspot.com: PT Medco Energi Internasional is looking to increase its coal production next year, supported by the launch of operations at its Duta ...
Monday, 22 September 14
COAL SECTOR CHAOS - GENESIS TO REVELATION - DIPESH DIPU
COALspot.com: “Let there be light”, intends the government of India but the fuel side of the story paints a blackout. The recent Suprem ...
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- Trasteel International SA, Italy
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
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