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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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Monday, 22 September 14
CFR SOUTH CHINA COAL SWAPS LOST ON DAY, WEEK AND MONTH
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 3.10 (-4.50%) month over month and $ 0.95 PT MT week over ...
Monday, 22 September 14
INDONESIAN COAL SWAPS LOST WEEK ON WEEK AND MONTH OVER MONTH
COALspot.com: Indonesian coal swaps for average October 2014 increased US$ 0.35 (+0.69%) day on day and lost US$ 0.30 (-0.58%) per mt week on week. ...
Sunday, 21 September 14
CAPE INDEX LOST 17% W-O-W ; BALTIC DRY PLUNGES 106 POINTS
COALspot.com: This week the freight market softened a bit compared to last week.
BDI fell 8.97% week on week and closed BDI at 1075 points on ...
Friday, 19 September 14
U.S. WEEKLY COAL PRODUCTION RELATIVELY FLAT AT +0.1% - EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
Friday, 19 September 14
PRICES FOR DRY BULK CARRIERS HAVEN'T CORRECTED ENOUGH, DESPITE LOWER THAN EXPECTED FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lot has been said and written about the looming dry bulk market recovery over the past few months. However, even if this hasn’t been materi ...
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- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
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