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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 $63.84 per ton set a month earlier.
“This is the hardest one. The solution, beside increasing production volumes and royalty payments, is to collect late payments from producers that have not been collected,” Bambang said.
The mineral and coal office has been working with the Corruption Eradication Commission (KPK) to ensure that all mining companies have carried out their obligations to the state, including paying their royalties. Last year, the KPK found that numerous miners have not paid their royalties.
The pressures on coal prices are expected to continue particularly because of slowing demand from China, a major consumer of coal.
Source: The Jakarta Post
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Tuesday, 24 February 15
IHS ENERGY COAL CONFERENCE OF THE AMERICAS
Attend the IHS Energy Coal Conference of the Americas 17-19 March in Cartagena, Colombia and learn about timely concerns in today's coal indust ...
Monday, 23 February 15
Q2' CFR SOUTH CHINA COAL SWAP FOR Q2 ROSE 3.39% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery rose US$ 1.90 (+3.39%) per MT month over month and declined US$ 0.08 ...
Monday, 23 February 15
Q2' API 5 FOB NEWCASTLE COAL SWAP CLOSED $1 HIGHER THAN Q3
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery rose US$ 3.12 per MT (+6.44%) month over month and fall US$ 0.43 (-0.83%) w ...
Sunday, 22 February 15
THE BALTIC DRY INDEX LOST ALMOST 3.2% OR 17 POINTS WEEK ON WEEK
COALspot.com: The Baltic Dry Index, one of the economic indicators that monitors the health of the world's economy by tracking the price of shi ...
Friday, 20 February 15
U.S. PRODUCED AROUND 19.2 MILLION SHORT TONS OF COAL WEEK ON WEEK
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.2 million short tons (mmst) of coal ...
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- Commonwealth Bank - Australia
- Eastern Coal Council - USA
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- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
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- International Coal Ventures Pvt Ltd - India
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- Indian Energy Exchange, India
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- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
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- Thai Mozambique Logistica
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- Kohat Cement Company Ltd. - Pakistan
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- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
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- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
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- Eastern Energy - Thailand
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
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- Videocon Industries ltd - India
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- London Commodity Brokers - England
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- Parliament of New Zealand
- Economic Council, Georgia
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- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
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- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
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- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
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- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
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- Borneo Indobara - Indonesia
- Planning Commission, India
- Ambuja Cements Ltd - India
- The University of Queensland
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- Indonesian Coal Mining Association
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- Ministry of Finance - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
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- Electricity Generating Authority of Thailand
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- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
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- Chamber of Mines of South Africa
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- Cement Manufacturers Association - India
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- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
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- Mintek Dendrill Indonesia
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