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Friday, 28 August 09
INDONESIA SEEKS TO INCREASE COAL PRODUCTION TO BOLSTER REVENUE
 The Jakarta Post, the leading english news paper in Indonesia reported that, Indonesia expects to increase coal production by up to 20 million tons next year as lawmakers insist that the government must book higher non-tax revenue from the mining sector in 2010.
Bambang Setiawan, the director general for coal, minerals, and geothermal at the Energy and Mineral Resources Ministry, said the House of Representatives' budget committee had asked the government to set a non-tax revenue target of Rp 15 trillion (US$1.48 billion) from the mining sector in 2010.
"The government *had* earlier proposed the revenue at Rp 14 trillion, which is unchanged from this year's target.
"But, as the House's budget committee want the revenue to be Rp 15 trillion, we expect that next year we can slightly increase the production," Bambang said Thursday.
Coal and other mining commodities contribute to non-tax state revenue mainly through royalty payments. Coal contributes the biggest single contribution to state revenues from mining commodities.
The royalty payments will then be shared between the central and regional governments involved.
For this year, the country expects to produce 230 million tons of coal.
"If we want to secure the Rp 15 trillion revenue next year, we must increase coal production by between 10 million and 20 million tons. This is based on the assumption that the coal price is still unchanged from the current price of US$63 per ton," Bambang said.
"We hope that the production can be increased and the demand will be high next year so that the revenue target can be achieved," he said.
Bob Kamandanu, chairman of the Indonesian Coal Producers Association (APBI), said the target was "not too extreme" and achievable.
"This should be achievable, because last year the production was 239 million tons and this year it could be somewhere between 245 and 250 million tons. Thus the target of 260 million tons for next year will not be too difficult," he said.
The country's coal production has already reached 72 million tons in the first half of this year, according to data from the energy and mineral resources ministry.
In the same period, the coal sales volume reached 75 million tons; 52 million tons being sold to domestic buyers and the remaining 23 million tons going to exports..
The mining sector in total has booked non-tax revenue amounting to Rp 7.2 trillion in the first half of 2009, just under half of the annual target now set by the House of Representatives budget committee.
Source: The Jakarta Post
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Wednesday, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...
Wednesday, 14 October 09
SA'S COAL OUTPUT LIKELY TO RISE BY 2011, BOOSTED BY WATERBERG MINES
Mining weekly reported that, South Africa's coal production will struggle to meet demand over the next few years, but coal production could likely ...
Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent i ...
Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT
Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this ye ...
Tuesday, 13 October 09
THERMAL COAL DEMAND IN CHINA DRIVES PRICE INCREASES
Metal Miner reported that, Thermal coal prices have been falling this year; contrary to many other commodities, both metals and energy that hit bott ...
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- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Australian Commodity Traders Exchange
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- Merrill Lynch Commodities Europe
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- Minerals Council of Australia
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- Petron Corporation, Philippines
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- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
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- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
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- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
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- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
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- Central Electricity Authority - India
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
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- Latin American Coal - Colombia
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- Neyveli Lignite Corporation Ltd, - India
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- Coal and Oil Company - UAE
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- GAC Shipping (India) Pvt Ltd
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- South Luzon Thermal Energy Corporation
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- The Treasury - Australian Government
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- CNBM International Corporation - China
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- Indonesian Coal Mining Association
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
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- European Bulk Services B.V. - Netherlands
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- VISA Power Limited - India
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
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- Alfred C Toepfer International GmbH - Germany
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- Manunggal Multi Energi - Indonesia
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- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
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- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
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