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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$63 per ton," Bambang said.
"We hope that the production can be increased and the demand will be high next year so that the revenue target can be achieved," he said.
Bob Kamandanu, chairman of the Indonesian Coal Producers Association (APBI), said the target was "not too extreme" and achievable.
"This should be achievable, because last year the production was 239 million tons and this year it could be somewhere between 245 and 250 million tons. Thus the target of 260 million tons for next year will not be too difficult," he said.
The country's coal production has already reached 72 million tons in the first half of this year, according to data from the energy and mineral resources ministry.
In the same period, the coal sales volume reached 75 million tons; 52 million tons being sold to domestic buyers and the remaining 23 million tons going to exports..
The mining sector in total has booked non-tax revenue amounting to Rp 7.2 trillion in the first half of 2009, just under half of the annual target now set by the House of Representatives budget committee.
Source: The Jakarta Post
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Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
Tuesday, 22 September 09
AUSTRALIA SEES HIGHER ASIAN THERMAL COAL IMPORTS
* Asia '09 imports to rise 3.5%, vs pvs f'cast of 3.3% fall
* Asia 2010 thermal coal imports expected to rise 6.3 pct
* China to become net im ...
Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
* Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain bi ...
Monday, 21 September 09
ACCC SET TO APPROVE NEWCASTLE COAL SHIPPING AGREEMENT
ABC reported that, The competition regulator says it is likely to approve a new agreement over coal loading arrangements at Newcastle.
Australian ...
Friday, 18 September 09
PEABODY ENERGY ESTABLISHES ASIAN COAL TRADING HUB IN SINGAPORE
Peabody Energy announced it has opened an office in Singapore that will serve as the new hub for Peabody COALTRADE International activities in South ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
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- TeaM Sual Corporation - Philippines
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- Global Green Power PLC Corporation, Philippines
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- Electricity Authority, New Zealand
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- Georgia Ports Authority, United States
- Minerals Council of Australia
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- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
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- London Commodity Brokers - England
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- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
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- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Planning Commission, India
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- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
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- Billiton Holdings Pty Ltd - Australia
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- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
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- Sical Logistics Limited - India
- Trasteel International SA, Italy
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- The Treasury - Australian Government
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- McConnell Dowell - Australia
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- The University of Queensland
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- Wood Mackenzie - Singapore
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- Directorate General of MIneral and Coal - Indonesia
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- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
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- Parliament of New Zealand
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- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
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- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
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- Metalloyd Limited - United Kingdom
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