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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, 30 December 14
U.S WEEKLY COAL PRODUCTION ALMOST FLAT AT -0.2%
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.8 million short tons (mmst) of coal ...
Monday, 29 December 14
CHINESE COAL IMPORTS: REGULATORY RISKS? - CLARKSONS
In recent years, Chinese seaborne coal imports have surged, registering average growth of 67% p.a. between 2009 and 2013 to total 265mt. However, t ...
Monday, 29 December 14
BULK MARKET ENDS YEAR ON SOUR NOTE, SHIPBROKER SEES 'BUMPY ROAD AHEAD' - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2014 was supposed to be the year that the dry bulk market would stage a comeback and a sustainable one for that matter. However, while for the most ...
Monday, 29 December 14
Q1'15 CFR SOUTH CHINA COAL SWAP CLOSED AT $59.42
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 3.51 (-5.58%) month over month and US$ 0.08 (-0.13%) ...
Monday, 29 December 14
SGX'S FOB NEWCASTLE COAL SWAPS IMPROVED W-O-W, LOST M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.44 per MT (-2.73%) month over month and gained US$ 0.36 (+0.71%) ...
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- Goldman Sachs - Singapore
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- CNBM International Corporation - China
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- Bhatia International Limited - India
- Eastern Coal Council - USA
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- Toyota Tsusho Corporation, Japan
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- Port Waratah Coal Services - Australia
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- Petron Corporation, Philippines
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
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- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
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- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
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- Africa Commodities Group - South Africa
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- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
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- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
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- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
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- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
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- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Wilmar Investment Holdings
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- Standard Chartered Bank - UAE
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
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- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
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- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
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- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
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- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
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- Planning Commission, India
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- Central Electricity Authority - India
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