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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$63 per ton," Bambang said.
"We hope that the production can be increased and the demand will be high next year so that the revenue target can be achieved," he said.
Bob Kamandanu, chairman of the Indonesian Coal Producers Association (APBI), said the target was "not too extreme" and achievable.
"This should be achievable, because last year the production was 239 million tons and this year it could be somewhere between 245 and 250 million tons. Thus the target of 260 million tons for next year will not be too difficult," he said.
The country's coal production has already reached 72 million tons in the first half of this year, according to data from the energy and mineral resources ministry.
In the same period, the coal sales volume reached 75 million tons; 52 million tons being sold to domestic buyers and the remaining 23 million tons going to exports..
The mining sector in total has booked non-tax revenue amounting to Rp 7.2 trillion in the first half of 2009, just under half of the annual target now set by the House of Representatives budget committee.
Source: The Jakarta Post
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Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
Tuesday, 25 August 09
COAL OUTPUT TO RISE IN H2 BUT EXPORTS TO GO FLAT
The leading english news paper in Indonesia reported that, It is estimated coal production will rise by 5.7 percent in the second semester from a ye ...
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- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- The University of Queensland
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- White Energy Company Limited
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
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