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Friday, 20 February 15
GOVT SET TO INCREASE COAL OUTPUT TARGET THIS YEAR - JAKARTA POST
 The Energy and Mineral Resources Ministry is planning to increase its coal output target this year as the government seeks to offset the ongoing decline in the commodity’s price.
Accordingt to The Jakarta Post, the one of th eleading Indonesian English news paper, Bambang Tjahjono, the director for coal at the Ministry’s directorate general for mineral and coal, said an increase in the output target would take this year’s production to 455 million tons, or close to last year’s output of 458 million tons.
The mineral and coal office initially targeted for coal output to reach only 425 million tons this year.
From last year’s total output of 458 million tons, the mineral and coal office managed to collect Rp 35.4 trillion in royalties from the holders of mineral and coal mining permits and contracts of work.
Under the revised state budget, the government is aiming to collect Rp 52.5 trillion from the mineral and coal sector this year. Relying only on royalty payments, which will be set at 7 percent for low-calorie coal, 9 percent for the medium-calorie type and 13.5 percent for high-calorie coal, will be unlikely to help the mineral and coal office meet the revenue target.
There’s one proposal to demand 13.5 percent in royalties across all the coal types. Given the ongoing decrease in coal prices, however, the government was confident that any increase would impact badly on producers, according to R. Sukhyar, the director general for mineral and coal.
There had been a proposal to increase the level of royalty payments from the range of 7 to 13.5 percent, an increase from the 3 percent, 5 percent and 7 percent levels as stipulated in a 2012 regulation.
However, the plan was rejected by industry players who claimed that the royalty level would be too burdensome to their businesses, which have been under pressure because of the decline in coal prices.
The Indonesian coal price reference (HBA), was set at US$62.92 per ton in February, lower than the $63.84 per ton set a month earlier.
“This is the hardest one. The solution, beside increasing production volumes and royalty payments, is to collect late payments from producers that have not been collected,” Bambang said.
The mineral and coal office has been working with the Corruption Eradication Commission (KPK) to ensure that all mining companies have carried out their obligations to the state, including paying their royalties. Last year, the KPK found that numerous miners have not paid their royalties.
The pressures on coal prices are expected to continue particularly because of slowing demand from China, a major consumer of coal.
Source: The Jakarta Post
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Tuesday, 26 May 15
MINING ASSOCIATION PERHAPI PUSHES FOR 35,000 MEGAWATT ELECTRICITY PROGRAM - JG
The Indonesian Mining Professionals Association, or Perhapi, has announced its support for a 35,000-megawatt national electricity program, saying i ...
Tuesday, 26 May 15
FOB INDONESIA COAL SWAP; UP WEEK OVER WEEK
COALspot.com: Indonesian coal swap for delivery Q3 2015 gains week over week and lost month on month, this past week.
The Q3 swap was declined ...
Monday, 25 May 15
FOB NEWCASTLE COAL SWAP Q1'16 CLOSED LOWER THAN Q3'15 CLOSING
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.92 per MT (2.07%) month over month and US$ 0.70 week on week. ...
Monday, 25 May 15
CFR SOUTH CHINA COAL SWAP : Q3, Q4'15 & Q1'16 INCREASED M-O-M AND W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery up US$ 1.55 (3.09%) per MT month over month and US$ 0.72 (1.41%) pe ...
Sunday, 24 May 15
INDONESIA TO INDIA PANAMAX CHARTER RATES WERE RATING AT AROUND US$ 5500
COALspot.com: The freight market softened in all segments this past week.
The BDI was dropped 7.57 percent week over week and closed at 586 po ...
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- Standard Chartered Bank - UAE
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- Oldendorff Carriers - Singapore
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- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
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- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
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- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Economic Council, Georgia
- New Zealand Coal & Carbon
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- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
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- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
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- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
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- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
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