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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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Wednesday, 21 January 15
SHIFT IN INTERNATIONAL COAL TRADE TO THE PACIFIC BASIN WILL CONTINUE - IMF
COALspot.com: The shift in international coal trade to the Pacific Basin will continue, IMF said in its latest Medium-Term Coal Market Report.
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Wednesday, 21 January 15
MARKET INSIGHT - VASSILIS LOGOTHETIS, INTERMODAL
The World Bank has lowered its forecast for global growth in 2015 to 3% down from its previous level of 3.4% amid rising concerns over the economic ...
Wednesday, 21 January 15
THERMAL COAL PRICE OUTLOOK DEPENDENT ON INDIAN IMPORT DEMAND - MATTHEW BOYLE, CRU
COALspot.com: Supply and demand side developments in India will be an important determinant of future market dynamics and prices for thermal coal a ...
Wednesday, 21 January 15
PORT OF NEWCASTLE COAL EXPORTS JUMP 16.19% ON MONTH TO 15.80 MIL MT IN DECEMBER' 14
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.136 billi ...
Tuesday, 20 January 15
INDIA TO SURPASS THE UNITED STATES AND BECOME THE SECOND-LARGEST COAL CONSUMER IN THE WORLD BY 2019 - IMF
COALspot.com: In 2013, coal added more primary energy than any other fuel and was the fastest-growing fossil fuel, enhancing its position as the se ...
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- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Planning Commission, India
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- GMR Energy Limited - India
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
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