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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 $63.84 per ton set a month earlier.
“This is the hardest one. The solution, beside increasing production volumes and royalty payments, is to collect late payments from producers that have not been collected,” Bambang said.
The mineral and coal office has been working with the Corruption Eradication Commission (KPK) to ensure that all mining companies have carried out their obligations to the state, including paying their royalties. Last year, the KPK found that numerous miners have not paid their royalties.
The pressures on coal prices are expected to continue particularly because of slowing demand from China, a major consumer of coal.
Source: The Jakarta Post
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Tuesday, 24 March 15
A WEAK WEEK FOR FOB INDONESIA COAL SWAP
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 drop month on month and week over week.
The Q2 swap fell US$ 2.48 (5.12%) month ...
Tuesday, 24 March 15
RICHARDS BAY COAL SWAP FOR DELIVERY Q2 CLOSED $ 1.87 HIGHER COMPARED TO Q3 CLOSING PRICE
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month and week on week.
The Q2 swap has dropped U ...
Tuesday, 24 March 15
ARGUS MEDITERRANEAN SOLID FUELS 2015 CONFERENCE | 2-3 JUNE, ISTANBUL
Press Release: Argus Media is proud to announce Argus Mediterranean Solid Fuels, which will be held in Istanbul,on 2-3February.
Argus produces ...
Monday, 23 March 15
IS OIL GETTING READY TO PLUNGE BELOW $40? - FORBES
KNOWLEDGE TO ELEVATE
In my last crude oil market update in late-February, I expressed my skepticism toward the oil price rebound. Since then, ...
Monday, 23 March 15
Q4' 2015 FOB NEWCASTLE COAL SWAPS DECLINED 6.79% M-O-M; 2.55% W-O-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 3.42 per MT (-6.33%) month over month and US$ 1.37 (-2.77%) we ...
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- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
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- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Planning Commission, India
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
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