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Sunday, 28 September 14
BERAU AGREES DEAL WITH GOVT, MINING AREA REDUCED - THE JAKARTA POST
 Coal miner PT Berau Coal, a subsidiary of Jakarta-listed PT Berau Coal Energy (BRAU), has signed a memorandum of understanding (MoU) with the government regarding detailed talks on the company’s coal-mining contract of work (CCoW) on Friday morning, as part of a series of contract renegotiations between the ministry and miners to comply with the 2009 Mining Law, as reported by The Jakarta post yesterday.
The Energy and Mineral Resources Ministry’s director for coal, Bambang Tjahjono, said his office and Berau Coal signed the MoU on Friday morning and under the MoU, Berau Coal has agreed on principal to adjustments to a number of aspects of its CCoW, including the size of its mining area and a royalty payment to the government of 13.5 percent, the paper further said.
“We will now move forward to draft the contract amendment, in which we will adjust several issues until the company’s contract of work expires, after the expiry date, all matters will be based on the prevailing law.” Bambang said, as quoted by paper.
Berau Coal has also in principal agreed to reduce its mining area by 10,391 hectares, the reduction means the company will only manage 108,009 ha until its CCoW expires in 2025, from its previous 118,400 ha., according to Bambang.
Under the Mining Law, coal-mining concessions are limited to 15,000 ha. “After the contract expires, all will be according to the law; even more sites will be released,” Bambang said, according to paper.
According to paper, Neither Berau Coal president director Amir Sambodo nor general manager for corporate communication Singgih Widagdo replied to text and phone calls from The Jakarta Post seeking confirmation.
The government has been struggling to renegotiate numerous coal and mineral contracts of work (CoWs) to comply with the law, the renegotiations are focused on six issues, adjustments in income to the state; adjustments to the size of mining areas; obligations of divestment; obligations for domestic processing; continuity of operations; and obligations to use local goods and services, the paper said.
Seventy-three CCoWs and 34 mineral non-coal CoWs need to be renegotiated. Berau Coal’s MoU signing follows previous deals between the government and other big coal players, including PT Kaltim Prima Coal (KPC), PT Arutmin Indonesia and PT Adaro Indonesia.
Under its MoU with the government, KPC agrees to reduce its mining size to 84,938 ha from its current 90,938 ha. Arutmin’s mining area will be cut to 55,573 ha from 58,898 ha. Meanwhile, Adaro has agreed to release around 6,000 ha of its 34,940 ha.
The paper further said, the signing of the MoUs also means that the companies have in principal agreed to see their CoWs, which vary from one company to another, changed into coal-mining permits, which apply in general according to the law, in return for extensions to their operations.
“However, a decision on extension — if any — will be determined by the new government, and it will consider the company’s performance in good mining practices and the fulfillment of its obligations to the government,” Sukhyar said.
Companies are allowed to apply for operating extensions two years prior to their expiry date. The extension is limited to two extensions of 10 years.
Arutmin’s CCoW will expire in 2019 and that of its sister company KPC in 2021, while Adaro’s CCoW will last until 2022.
Source: The Jakarta Post
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Monday, 29 September 14
INDONESIAN COAL EXPORT VOLUME FALL IN AUGUST
COALspot.com: Indonesia, one of the world's largest coal producers and the global leading multi grade coal exporter shipped around $1.50 ...
Monday, 29 September 14
INDONESIAN COAL SWAPS LOST WEEK ON WEEK AND MONTH OVER MONTH
COALspot.com: Indonesian coal swaps for average November 2014 flat day on day and lost US$ 0.85 (-1.66%) per mt week on week. The swap also lost US ...
Monday, 29 September 14
CFR SOUTH CHINA COAL LOST AROUND 5% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swap for delivery in November 2014 decreased US$ 3.55 (-5.10%) month over month and flat week over week.
...
Sunday, 28 September 14
FREIGHT RATES FROM INDONESIA TO INDIA IS EXPECTED TO BE FIRM NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market shows a bit weak trend this week.
The BDI was lost 2.42% week on week and closed at 1049 points on 26 Se ...
Saturday, 27 September 14
OIL MARKET CONTANGO: SPECULATION ON FUTURE PRICES CAN BE A RISKY MOVE, EVEN FOR TANKER OWNERS HELLENIC SHIPPING NEWS
Despite the fact that tanker owners can easily use their vessels as floating storage units for oil, in a bid to exploit the current oil market dyna ...
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- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
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- Jindal Steel & Power Ltd - India
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- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
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- The University of Queensland
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- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
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- Bahari Cakrawala Sebuku - Indonesia
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- Semirara Mining Corp, Philippines
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- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
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- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
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- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
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- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Malabar Cements Ltd - India
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- GAC Shipping (India) Pvt Ltd
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- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
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