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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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Friday, 26 December 14
SHIPS FACE LOWER SULPHUR FUEL REQUIREMENTS IN EMISSION CONTROL AREAS FROM 1 JANUARY 2015 - IMO
Ships trading in designated emission control areas will have to use on board fuel oil with a sulphur content of no more than 0.10% from 1 January 2 ...
Wednesday, 24 December 14
CAPE DEMAND WAS STILL EXTREMELY SOFT THIS PAST WEEK ACROSS BOTH BASINS - INTERMODAL
COALspot.com: The performance of the Dry Bulk market, which found itself in desperate search of support for yet another week, has left very little ...
Wednesday, 24 December 14
MARKET INSIGHT - JOHN N. COTZIAS, INTERMODAL SNP BROKER
The year is coming to an end, and we should be able to assess if this was a good year, a bad year, or even a lousy one? The answer clearly de ...
Tuesday, 23 December 14
Q1'15 FOB INDONESIA COAL SWAP GAINED 48 CENTS IN ONE WEEK
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month and gained week over week and day on day.
The Q1 swap has lo ...
Tuesday, 23 December 14
Q4'15 FOB RICHARDS BAY COAL SWAPS FALL $ 3.85 IN A MONTH
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month.
The Q1 swap has lost US$ 2.13 (-3.17%) month on month ...
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- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Australian Coal Association
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- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Minerals Council of Australia
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- McConnell Dowell - Australia
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- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
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- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
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- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- VISA Power Limited - India
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Planning Commission, India
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
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