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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 $63.84 per ton set a month earlier.
“This is the hardest one. The solution, beside increasing production volumes and royalty payments, is to collect late payments from producers that have not been collected,” Bambang said.
The mineral and coal office has been working with the Corruption Eradication Commission (KPK) to ensure that all mining companies have carried out their obligations to the state, including paying their royalties. Last year, the KPK found that numerous miners have not paid their royalties.
The pressures on coal prices are expected to continue particularly because of slowing demand from China, a major consumer of coal.
Source: The Jakarta Post
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Monday, 16 March 15
MAKING THE WORLD GO ROUND - SEABORNE TRADE! - CLARKSONS
Money, or even love if you prefer, are claimed to make the world go round. For the shipping world, however, it’s trade that sets things spinn ...
Monday, 16 March 15
API 5 FOB NEWCASTLE COAL SWAPS: DECLINED
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 2.48 per MT (-4.77%) month over month and US$ 0.93 (-1.84%) we ...
Monday, 16 March 15
CFR SOUTH CHINA THERMAL COAL SWAP DECLINED 3.74% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 2.17 (-3.74%) per MT month over month and US$ 0.67 (-1 ...
Sunday, 15 March 15
BDI DECLINED LESSER THAN 1% WEEK OVER WEEK; INDO-INDIA FIRM
COALspot.com: The most of indices, including bulk dry index were falling this week. The BDI has been down by just 0.53 points and closing at 562 po ...
Saturday, 14 March 15
CAPESIZE DRY BULKERS TO AVERAGE BETWEEN $3,000 AND $9,000/DAY IN THE COMING WEEKS SAYS BIMCO
BIMCO issued its latest short-term estimates for the dry bulk market. For March/May: BIMCO assesses that the Capesize time charter (T/C) average ra ...
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- The University of Queensland
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Deloitte Consulting - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
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