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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 $63.84 per ton set a month earlier.
“This is the hardest one. The solution, beside increasing production volumes and royalty payments, is to collect late payments from producers that have not been collected,” Bambang said.
The mineral and coal office has been working with the Corruption Eradication Commission (KPK) to ensure that all mining companies have carried out their obligations to the state, including paying their royalties. Last year, the KPK found that numerous miners have not paid their royalties.
The pressures on coal prices are expected to continue particularly because of slowing demand from China, a major consumer of coal.
Source: The Jakarta Post
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Thursday, 05 March 15
INDIA WILL BE THE LARGEST DRIVER OF GLOBAL SEABORNE COKING COAL DEMAND GROWTH IN 2015 - WOOD MACKENZIE
Global demand growth will remain weak because of China’s negative demand growth.
COALspot.com: At Coaltrans India, Wood Mackenzie says I ...
Thursday, 05 March 15
BUKIT ASAM BOOKED US$ 1 BILLION REVENUE IN 2014
COALspot.com: Indonesian publicly listed and state owned coal miner PT. Bukit Asam, has announced that, the revenue of the company for the period J ...
Wednesday, 04 March 15
AN AGENDA FOR CHANGE - FITCH INDONESIA CONFERENCE
Fitch Indonesia Conference - 5 March 2015
Fitch Ratings will host its annual Indonesia conference on 5 March 2015.
The theme of this year ...
Wednesday, 04 March 15
KEEP CALM AND INVEST IN DRY - THEODORE NTALAKOS
Keep Calm and Carry On was originally a motivational poster, intended to raise the morale of the British public, produced by the British government ...
Tuesday, 03 March 15
INDONESIAN COAL EXPORT VOLUME TO DECLINE 50% BY 2019
COALspot.com: The Indonesian government is planning to reduce coal export volume by 50% within the next five years while keeping its coal productio ...
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- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- White Energy Company Limited
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- PTC India Limited - India
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Australian Coal Association
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
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