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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 $63.84 per ton set a month earlier.
“This is the hardest one. The solution, beside increasing production volumes and royalty payments, is to collect late payments from producers that have not been collected,” Bambang said.
The mineral and coal office has been working with the Corruption Eradication Commission (KPK) to ensure that all mining companies have carried out their obligations to the state, including paying their royalties. Last year, the KPK found that numerous miners have not paid their royalties.
The pressures on coal prices are expected to continue particularly because of slowing demand from China, a major consumer of coal.
Source: The Jakarta Post
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Monday, 23 March 15
CFR SOUTH CHINA COAL SWAP: Q3 DELIVERY HAS FALLEN 7.93% MONTH-ON-MONTH
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 4.09 (-7.06%) per MT month over month and US$ 2.00 (-3 ...
Monday, 23 March 15
SEABORNE WORLD COAL TRADE: GROWTH +5% - GERMAN COAL IMPORTER ASSOCIATION
Hard Coal Market 2014: Despite The Energy Turnaround, Hard Coal Imports To Germany Rise By More Than 6%, Although Hard Coal-Fired Power Generation ...
Sunday, 22 March 15
DRY BULK RATES CONTINUED TO RISE THIS WEEK
COALspot.com: The freight market was steady this week as all the segments increased after many weeks of weak trend.
The Baltic Dry Index (BDI) ...
Friday, 20 March 15
HARD COAL MARKET 2014: DESPITE THE ENERGY TURNAROUND, HARD COAL IMPORTS TO GERMANY RISE BY MORE THAN 6% (PART 1)
Hard Coal Market 2014: Despite The Energy Turnaround, Hard Coal Imports To Germany Rise By More Than 6%, Although Hard Coal-Fired Power Generation ...
Friday, 20 March 15
U.S. WEEKLY COAL PRODUCTION SHOWS 5.9% INCREASE WEEK OVER WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.5 million short tons (mmst) of coal ...
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- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
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- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
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- Electricity Generating Authority of Thailand
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- Metalloyd Limited - United Kingdom
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- Coal and Oil Company - UAE
- Sical Logistics Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
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- Wilmar Investment Holdings
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- Power Finance Corporation Ltd., India
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- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
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- Singapore Mercantile Exchange
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- Australian Coal Association
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- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
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- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
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- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Economic Council, Georgia
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
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- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
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- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
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- India Bulls Power Limited - India
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- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
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- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- London Commodity Brokers - England
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- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
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- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
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