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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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Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Mond ...
Monday, 28 September 09
TATA POWER SCOUTS FOR COAL BLOCKS ABROAD
Business Standard reported that, private power producer Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet de ...
Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by ...
Saturday, 26 September 09
GSECL PLANS TO PROCURE 15 LAKH (1.5 MILLION) MT OF IMPORTED COAL
Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1 ...
Saturday, 26 September 09
SAIL TO SET UP TWO SLAG-BASED CEMENT MANUFACTURING UNITS
Rediff Business reported that, Government-owned Steel Authority of India Ltd, the country's largest steel producer, is looking to set up two greenf ...
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- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
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- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
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- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
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- Ministry of Transport, Egypt
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- Ambuja Cements Ltd - India
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Thiess Contractors Indonesia
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- Minerals Council of Australia
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- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
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- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Planning Commission, India
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- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
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- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
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- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Mjunction Services Limited - India
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- Rashtriya Ispat Nigam Limited - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
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