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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$63 per ton," Bambang said.
"We hope that the production can be increased and the demand will be high next year so that the revenue target can be achieved," he said.
Bob Kamandanu, chairman of the Indonesian Coal Producers Association (APBI), said the target was "not too extreme" and achievable.
"This should be achievable, because last year the production was 239 million tons and this year it could be somewhere between 245 and 250 million tons. Thus the target of 260 million tons for next year will not be too difficult," he said.
The country's coal production has already reached 72 million tons in the first half of this year, according to data from the energy and mineral resources ministry.
In the same period, the coal sales volume reached 75 million tons; 52 million tons being sold to domestic buyers and the remaining 23 million tons going to exports..
The mining sector in total has booked non-tax revenue amounting to Rp 7.2 trillion in the first half of 2009, just under half of the annual target now set by the House of Representatives budget committee.
Source: The Jakarta Post
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Monday, 31 August 09
INDIA MMTC ISSUE TENDER TO IMPORT 12.5 MMT COAL TO BE SUPPLIED OVER A PERIOD OF 12 MONTHS
COALspot.com (India): MMTC has re-issued a tender to import 12.50 Million Metric Tonnes (12.50 MMT) (+/- 2%) of thermal coal to be supplied over a p ...
Monday, 31 August 09
INDONESIA ADARO'S NET PROFIT SOARS 1,506 PERCENT ON HIGH PRICES
The Jakarta Post reported that, the country's second largest coal producer, PT Adaro Energy said Sunday that its first-half net profit soared 1,506 ...
Sunday, 30 August 09
THE FUTURES FOR THREE YEARS FOR 2010-2012 IS AROUND PANAMAX / US$ 15,500 & SUPRAMAX / US$ 13,500 PER DAY
COALspot.com (Singapore): The dry bulk market continued to be soft this week and the BDI was almost stable and closed at 2,421 points this week.
...
Friday, 28 August 09
MERCURIA ENERGY OPENS INDONESIA TRADING OFFICE
COALspot.com ( Indonesia): Mercuria Energy Group has opened a new office in Jakarta, Indonesia, focussed on trading coal.
Jakarta-based Emanuele ...
Friday, 28 August 09
COAL MINE BUYERS DUST OFF THEIR CASH ( ANALYZED BY REUTERS)
* Coal asset buyers give up waiting for bargains
* Mining majors expected to buy not sell
* South Africa a target, Indonesia less so
By Jackie ...
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- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- The University of Queensland
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
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