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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, 17 February 15
Q2' FOB RICHARDS BAY COAL SWAP CLOSED AT $63.45; $ 1.85 HIGHER COMPARED TO Q4 CLOSING
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 surge month over month, week on week and day on day.
The Q2 swap has ...
Monday, 16 February 15
COAL MINING SLUMP A BLESSING IN DISGUISE - THE JAKARTA POST
The growth of the coal-mining industry, which has diminished in the last two years, is expected to slump even further this year following weakening ...
Monday, 16 February 15
FOB NEWCASTLE COAL SWAPS SURGE WEEK ON WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery rose US$ 1.31 per MT (+2.59%) week over week and US$ 4.35 (+9.13%) month on ...
Monday, 16 February 15
Q2' 15 - CFR SOUTH CHINA COAL SWAP ROSE 5.22% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery rose US$ 2.88 (+5.22%) per MT month over month and US$ 1.08 (+1.90% ...
Sunday, 15 February 15
BALTIC DRY INDEX CONTINUALLY DIPPED IN RED
COALspot.com: The Baltic Dry Index continues its decline and fell 5.18 pct to 530 points week on week due to falling commodity prices and declining ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
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- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
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- Trasteel International SA, Italy
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- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- The University of Queensland
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
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- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
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