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Monday, 08 December 14
GOVERMENT TO WITHDRAW CNC STATUS OVER SUSPECTED FLAWS - THE JAKARTA POST
 The Energy and Mineral Resources Ministry’s directorate general for mineral and coal plans to review the clean and clear (CnC) status held by mining firms to ensure that requirements have been fulfilled, the Jakarta Post reported.
The JP further reported that, under the CnC policy, the holders of mining permits (IUP) in the country are required to ensure that their activities are in line with the government’s environmental policies, free from overlapping land rights and comply with tax and non-tax financial obligations. There are currently 10,776 IUPs for mineral and coal mining in the country. However, only 5,969 IUPs have been granted CnC status.
The mineral and coal directorate general secretary, Paul Lubis, said the office had found that numerous IUPs should not have been be granted CnC status.
“We admit that previous evaluations were not as detailed as now. We will improve and revoke the CnC status of the IUPS that have not fulfilled the necessary requirements,” Paul said on Friday, as quoated by JP.
He added that unresolved concession overlapping and the failure to meet several permits were grounds for the revocation of CnC status.
“For companies already holding an export recommendation, the revocation of CnC status will also impact the recommendation,” Paul said. A CnC status is also required if a company wants to obtain an export permit for their mineral products or coal.
The JP furhter said, the government implemented a ban on the export of mineral ore on Jan. 12 as part of the implementation of the 2009 Mining Law, which regulates obligations for domestic mineral processing and refining. Companies are only allowed to export semi-finished mineral products if they passed the minimum purification letter, already obtained CnC status and committed to building smelters.
As of October, the government also requires coal miners to obtain an export license before selling products overseas. The move is aimed at preventing excessive coal exploitation as well as establishing better coal-trade reporting.
National coal production hit 346 million tons during the January to October period, according to the director for coal, Bambang Tjahjono. Out of the amount, only as much as 82 million tons were sold to the domestic market while the remaining 264 million tons were sent abroad.
The government is trying to cap coal production at a maximum 421 million tons this year to ensure the country will still have enough resources for local power plants in the future.
Paul also said that the thorough assessment of CnC status would also be carried out because the mineral and coal office suspected attempts to seek loopholes to secure the status at the local-administration level.
‘This is likely due to the transfer of authority from a regency administration to provincial administration. We will be careful and perform joint monitoring with the KPK [Corruption Eradication Commission],” Paul said.
Under the new Provincial Administration Law, regency and municipal administrations will no longer have the authority to issue mining permits following allegations that high-ranking officials in local administrations often issued permits to certain firms for personal gain.
Following the implementation of the law, the control of the mineral and coal business will be in the hands of the central and provincial governments.
The CnC policy, which also requires the settlement of financial obligations, has contributed to higher payments to the state, according to director general for mineral and coal R. Sukhyar.
“As of Nov. 28 , payment from the sector has reached Rp 30.5 trillion (US$2.48 billion), which is Rp 2 trillion higher than the total income in 2013. This is despite lower coal prices and no exports of mineral ores,” Sukhyar said.
Under this year’s state budget, non-tax state income from the mineral and coal sector is targeted at Rp 39.67 trillion.
Source: The Jakarta Post
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Wednesday, 17 December 14
MARKET INSIGHT - INTERMODAL SHANGHAI, SNP TEAM
As the end of the fourth quarter is approaching, we are all witness to the second hand market prices softening day by day. Any new deal surfacing t ...
Tuesday, 16 December 14
THIS PRICE IS A STEAL - EVA TZIMA
COALspot.com: Despite concerns that the slowdown of the Chinese economy would affect imports of iron ore, it seems that this has not been the case ...
Tuesday, 16 December 14
FOB RICHARDS BAY COAL SWAP FOR Q2' 15 DELIVERY CLOSED AT US$ 65.60 PMT
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month.
The Q1 swap has lost US$ 0.18 (-0.27%) month on month ...
Tuesday, 16 December 14
SUB-BIT FOB INDONESIA COAL SWAP CONTINUES ITS FALL
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, week over week and day on day.
The Q1 swap has lost US$ 1.7 ...
Monday, 15 December 14
WILL TANKERS BENEFIT FROM REEMERGENCE OF FLOATING STORAGE PLAYS? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The tanker market has been seeing high freight rates for some time now, riding on the back of low oil prices, which are boosting demand from develo ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
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- Australian Coal Association
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
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- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Independent Power Producers Association of India
- Central Electricity Authority - India
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
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