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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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Friday, 08 May 15
COAL PRODUCTION IN U.S. UP 3.2% THIS PAST WEEK - EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 17.4 million short ...
Wednesday, 06 May 15
COMBINATION OF HOLIDAYS AND A SHAKY MARKET PUT ADDITIONAL PRESSURE ON RATES
COALspot.com: The combination of holidays and a shaky market is always a recipe for additional pressure on rates and last week was no exception. Wi ...
Wednesday, 06 May 15
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
The first four months of 2015 are now behind us and they make up for a decent amount of time to look back and assess how the year is evolving so fa ...
Tuesday, 05 May 15
MIFA BERSAUDARA UNIT OF ABM INVESTAMA STARTS OPERATING $200M COAL MINE IN ACEH
Reswara Minergi Hartama, a coal mining unit of coal miner ABM Investama known as known as Reswara, inaugurated a $200 million integrated coal minin ...
Tuesday, 05 May 15
FREIGHT DERIVATIVE VOLUMES REACHED TOTALED 14,154 CONTRACTS IN APRIL - SGX
COALspot.com: “Our unique suite of freight and bulk commodity products provides market participants with a wide range of trading strategies a ...
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- Cement Manufacturers Association - India
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- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Trasteel International SA, Italy
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- Planning Commission, India
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- International Coal Ventures Pvt Ltd - India
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- Economic Council, Georgia
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- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
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- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
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- Bangladesh Power Developement Board
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- Eastern Energy - Thailand
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- Deloitte Consulting - India
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- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
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- Billiton Holdings Pty Ltd - Australia
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- Posco Energy - South Korea
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- Indika Energy - Indonesia
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- Altura Mining Limited, Indonesia
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- Romanian Commodities Exchange
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- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
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- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
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- Baramulti Group, Indonesia
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- The State Trading Corporation of India Ltd
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- Coalindo Energy - Indonesia
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- Interocean Group of Companies - India
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- Banpu Public Company Limited - Thailand
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- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
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- Global Coal Blending Company Limited - Australia
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- Gujarat Sidhee Cement - India
- The University of Queensland
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
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- Minerals Council of Australia
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- Electricity Generating Authority of Thailand
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- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
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- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
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- Asmin Koalindo Tuhup - Indonesia
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- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
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- Simpson Spence & Young - Indonesia
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