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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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Saturday, 05 September 09
SHANXI AIMS TO MAINTAIN 2009 COAL OUTPUT AT LAST YEAR'S LEVEL
Interfax-China reported that, Shanxi Province, the country's second-largest coal producing region, is aiming to keep its annual coal output a ...
Saturday, 05 September 09
INDIA BUYING INTO AUSTRALIA'S COAL - INTERVIEW
India is in line to buy vast amounts of Australian coal. An Indian cabinet minister is on a special mission to Australia to help satisfy India's ur ...
Saturday, 05 September 09
52 COMPANIES SUBMIT EOIS TO COAL INDIA
The Hindu, India's largest English news paper reported that, International mining majors from the U.S., South Africa, Australia and Indonesia are a ...
Friday, 04 September 09
INDONESIA PAITON ENERGY BUYS COAL FROM ADARO, KIDECO
PT Paiton Energy, an Indonesian independent power producer, has agreed to buy 3 million tonnes of coal from PT Adaro Energy Tbk (ADRO.JK) and PT Kid ...
Thursday, 03 September 09
ICVL IN TALKS FOR COAL BLOCKS IN INDONESIA
These acquisitions will help ICVL meet an internal target of importing at least 5 million tonnes (mt) of coking coal by 2012-13
LiveMint reported ...
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- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Bhatia International Limited - India
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- PTC India Limited - India
- VISA Power Limited - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
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