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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, 23 December 14
SHIPOWNERS ARE FINALIZING MORE DEALS AS YEAR END COMES CLOSER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
With the 2014 year just a few days before waving goodbye, shipowners are looking to close their pending deals in both the newbuilding and S&P m ...
Monday, 22 December 14
Q2'15 CFR SOUTH CHINA COAL SWAP CLOSED $ 0.30 LOWER THAN Q1'15 CLOSING
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 3.67 (-5.81%) month over month and US$ 0.35 (-0.58%) ...
Monday, 22 December 14
API 5 FOB NEWCASTLE COAL SWAPS ARE HEADING SOUTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.71 per MT (-3.24%) and closed at US$ 51.02 on 19 December month ...
Sunday, 21 December 14
PANAMAX COAL FREIGHT FROM INDONESIA TO INDIA FALLS FURTHER
COALspot.com: The BDI continued its fall as cape index lost heavily week on week.
The BDI was down 6.95 percent week over week and closed at 8 ...
Friday, 19 December 14
HOW WILL LOWER BUNKER PRICES AFFECT THE SUBSTANTIAL OVERCAPACITY IN DRY BULK MARKET? - BIMCO
As bunker fuel costs have come down from USD 600 per tonnes to USD 330 per tonnes in the past 6 months, much talk about increased ship speed have s ...
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- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
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- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
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- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Deloitte Consulting - India
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
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- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Trasteel International SA, Italy
- PTC India Limited - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Parliament of New Zealand
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