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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, 18 January 15
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO REMAIN WEAK NEXT WEEK
COALspot.com: The BDI was up 4.51 pct week on week on Friday 16, January 2015. The BDI closed at 741 points on this Friday after gaining arou ...
Friday, 16 January 15
U.S. WEEKLY COAL PRODUCTION UP 7.3% W-O-W
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.9 million short tons (mmst) of coal ...
Thursday, 15 January 15
PANAMAX : MARKET CONTINUE ON LOW PACE - FEARNLEYS
Handy
On a general basis we can say that rates are softening in both hemispheres. Although for some specific trades we can see premiums being ach ...
Thursday, 15 January 15
LOW CASH COSTS, GOOD LIQUIDITY HELP ASIAN OIL COMPANIES IN PRICE ROUT - FITCH
Fitch Ratings says that rated oil and gas production companies in Asia can comfortably operate under low oil prices for some time given their gener ...
Wednesday, 14 January 15
DRY BULK MARKET NOTED ANOTHER WEEKLY DECLINE - INTERMODAL
COALspot.com: The Dry bulk market noted another weekly decline on Friday, with the performance of the Capesize market still weighing down on the re ...
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- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- The University of Queensland
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
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