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Thursday, 18 December 14
INDONESIA TO REVISE UP COAL OUTPUT TARGET TO 460 MILLION TONS IN 2015
 COALspot.com: Indonesian government has revised up its next year coal output forecast to 460 million tons from its previous forecast of 421 million tons instead of revised down of its owned declared coal price reference in this month. The Indonesian coal price reference, known as HBA, stood at US$64.65 per ton in December, a 21 percent drop compared to the $81.9 per ton in January.
According to Jakarta post reports, the Energy and Mineral Resources Ministry’s mineral and coal director general, said the coal output target for next year will be 460 million tons with 110 million tons to be allocated for domestic market obligations and the remaining 350 million tons would be for export. The government says it is expecting to see higher coal production next year with the hope it will get more income to offset the continuing decline in global prices.
The output target represents an increase of about 9.5 percent from the maximum output of 421 million tons previously expected for this year, the Jakarta Post further said.
Early this month, the Indonesian Coal Mining Association (APBI), has called on the country’s miners to cut production by 100 million tonnes next year, from over 400 million tonnes of coal estimated for this year in a bid to boost slumping coal prices.
Previously, or until this new development, the government has been also trying to limit coal production to between below 421 million tons — the same level as last year’s production — as part of an attempt to save the resource for future use as well as avoid pressure on coal prices.
However, the government of Indonesia now revised up its target to produce more coal for more income. With higher coal output in 2015, as quoted by media, the mineral and coal office is expecting income from the sector to increase by Rp 10 trillion (approximately $ 787,004,471). The target will increase contributions from the mineral and coal sector to go above the 2015 state budget of Rp 40.6 trillion (approximately $ 3,194,869,995) and the government believes that, the higher contributions from the higher production volumes is seen as necessary to offset the decline in coal prices.
As quoted by the Jakarta post, coal has become a significant contributor to state revenues. Under this year’s state budget, contributions from the mineral and coal sector are targeted to reach Rp 39.67 trillion (approximately $ 3,133,429,441), of which around 70 percent is expected from coal.
The realization of the contribution is expected to be only around Rp 34 trillion (approximately $ 2,686,462,207), according to the mineral and coal office’s secretary Paul Lubis. As of the end of November, the sector collected Rp 30.51 trillion (approximately $ 2,409,341,707) for the state, the paper further said.
The low realization was partly because the country implemented a ban on the export of mineral ores starting on Jan. 12, the paper further reported.
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Friday, 28 November 14
NEW BIMCO CLAUSE AIMS TO REDUCE SUPPLIERS' RELIANCE ON SHIP ARREST FOR CHARTERERS' UNPAID BUNKERS
KNOWLEDGE TO ELEVATE
Ship owners can, on occasion, find themselves in the invidious position of suffering unexpected loss of hire due to a tim ...
Friday, 28 November 14
JSW ENERGY AND GRM RESOURCES JOIN GLOBALCOAL
COALspot.com: globalCOAL® announced yesterday that two new Market Members have joined its online coal trading platform. According globaCOAL&rsq ...
Thursday, 27 November 14
MINING SERVICES TAX SPIKED BY 233% - BISNIS INDONESIA
COALspot.com: The Energy and Mineral Resources Department of Indonesia said the tax contribution from mining services sector in the 3rd Q 2014 ...
Thursday, 27 November 14
PANAMAX : EXPECTATION'S FOR A STRONG END OF YEAR RUSH, DISAPPEAR DAY BY DAY - FEARNLEYS
Handy
“We have experienced a firming market the last couple of weeks. More activity from cargo owners in the Atlantic and less available to ...
Wednesday, 26 November 14
OVERSUPPLY OF TONNAGE PUSHED PANAMAX SEGMENT DOWN FOR ANOTHER WEEK
COALspot.com: The Dry Bulk market managed to reverse its course from the week prior and with the sole exception of the Panamax segment, we witnesse ...
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- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Planning Commission, India
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