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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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Sunday, 25 January 15
PANAMAX FREIGHT RATES STILL FALLING
COALspot.com: The BDI was slightly down this week to 720 points. The BDI lost 2.83 pct week on week.
The cape index continued its upward trend ...
Friday, 23 January 15
U.S. WEEKLY COAL PRODUCTION FOR WEEK ENDING JAN. 17 UP 2.5%
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.4 million short tons (mmst) of coal ...
Thursday, 22 January 15
PANAMAX: A SOFTER TONE AND OVERALL A SLUGGISH MARKET - FEARNLEYS
Handy
The handy and supra market has experienced yet another week with slow activity and softening rates in both hemispheres, broker Fearnleys AS ...
Thursday, 22 January 15
BUMI RESOURCES POSTS NET INCOME OF $13.3 MILLION 9M-2014
COALspot.com: Bumi Resources, Indonesia’s largest coal miner, reported today that, the company has recorded a net income of $13.3 million for ...
Wednesday, 21 January 15
PANAMAX MARKET MOVED SIDEWAYS OVERALL LAST WEEK - INTERMODAL
COALspot.com: The positive sentiment in which the week prior ended carried on through-out last week as well, the end of which marked the first posi ...
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- GN Power Mariveles Coal Plant, Philippines
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- The University of Queensland
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- IEA Clean Coal Centre - UK
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- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
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- Ministry of Mines - Canada
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- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
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- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
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- Timah Investasi Mineral - Indoneisa
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- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
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- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
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- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
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- Electricity Authority, New Zealand
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- Xindia Steels Limited - India
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- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
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- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
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- Planning Commission, India
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- Australian Coal Association
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- Bangladesh Power Developement Board
- MS Steel International - UAE
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- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
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- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
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- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Thiess Contractors Indonesia
- Independent Power Producers Association of India
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- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
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- Salva Resources Pvt Ltd - India
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- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Deloitte Consulting - India
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
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- Mjunction Services Limited - India
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- Bayan Resources Tbk. - Indonesia
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- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
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