We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 26 February 15
COAL POLICY RISK: HIGHER ROYALTIES FOR IUP HOLDERS - BAHANA SECURITIES | JAKARTA POST
 The Energy and Mineral Resources Ministry plans to raise coal royalties charged to mining operation permit (IUP) holders by the end of the first quarter. According to ministry data, coal accounts for about 80 percent of Indonesia’s mining revenue and about 25 percent of Indonesian coal companies are IUP license holders.
The move is intended to help meet the revised 2015 state budget’s non-tax mineral revenue target of Rp 31.7 trillion (US$2.46 billion), up 28.9 percent from the earlier budget due to a reduced oil and gas non-tax revenue target. The revised budget includes a sharp fall of 63.7 percent in oil and gas non-tax revenue, amounting to Rp 81.4 trillion, due to reductions in the oil price assumption ($60 per barrel) and oil-lifting target of 825,000 barrels per day.
The administration of former president Susilo Bambang Yudhoyono planned to raise royalty payments, but the implementation was delayed due to weakening coal prices. The Indonesia Coal Producer Association had proposed that the increase be postponed as it felt royalty hikes would hurt coal miners and might not yield optimum state income in the weak coal environment, proposing instead that the government focus on reducing illegal coal mining.
The association had proposed raising royalties at a coal price of $100 per metric ton, and the Finance Ministry had countered with an $80 per metric ton proposed threshold. However, the upcoming increase is not price-dependent. The royalties will be assessed ad valorem based on coal type.
The coal price has risen 11 percent in the year-to-date but is down 9.8 percent year-on-year, to $69.2 per metric ton as of Feb. 18. The recent coal price increase is due to Glencore’s (not rated) plan to cut coal output by 50 percent in its South Africa operations. Glencore is the largest exporter of seaborne thermal coal.
In addition, the latest US Energy Information Administration (EIA) report indicates that US coal production is down 10 percent week-on-week to 18.1 million metric tons as of Feb. 12. That said, China’s plan to cut greenhouse-gas emissions by 30-50 percent could lead to continued weak coal prices. In 2014, only eight of the 74 cities monitored by China’s Environmental Protection Ministry met national pollution standards.
We have conducted a sensitivity analysis on the effects of the royalty increase on our coverage group. We believe PT Tambang Batubara Bukit Asam (PTBA) will suffer the most, as all of its mines hold IUPs. PT Indo Tambangraya Megah (ITMG) should be the second-hardest hit, as its Kitadin mine holds an IUP.
PT Adaro Energy (ADRO) has only one IUP site, Balangan, of which conservatively, its coal production should reach 1 million metric tons in 2015, as the site is still being developed. On PT Harum Energy (HRUM), the company suspended production early in 2015 at its IUP site, Tambang Batubara Harum, due to the lower benchmark coal price.
Thus, at this stage, we reiterate our sector call on coal.
The writer is a research analyst in Bahana Securities’ researchdepartment.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 02 March 15
FOB NEWCASTLE COAL SWAP ROSE 6.89% MONTH OVER MONTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery rose US$ 3.35 per MT (+6.89%) month over month and US$ 0.40 (0.78%) week on ...
Sunday, 01 March 15
BDI INDEX SLIGHTLY UP CAUSED AN INCREASE IN THE PANAMAX, SUPARAMAX AND HANDY SIZE INDICES
COALspot.com: The freight market saw some gains this week and BDI was up 5.26 pct closed at 540 points. However the Cape index failed to follow BDI ...
Friday, 27 February 15
WEEKLY US COAL PRODUCTION DOWN AN ESTIMATED 14.0% FROM LAST WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 16.5 million short tons (mmst) of coal ...
Thursday, 26 February 15
DRY BULK MARKET COULD REBOUND FROM HISTORICAL LOWS IN THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market could exit from its historical lows in the coming weeks, as Chinese buyers reenter the market after the holiday celebrations. T ...
Thursday, 26 February 15
DRY BULK MARKET LOOKING FOR POSITIVE MOMENTUM, BUT PROSPECTS REMAIN DIM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the Baltic Dry Index (BDI) inched a bit higher over the past couple of sessions and the Chinese are returning to the market after a week long hi ...
|
|
|
Showing 3171 to 3175 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- The University of Queensland
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
|
| |
| |
|
