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Monday, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts to attract investment in low-quality coal, a senior government official said on Monday.
Bigger coal producers holding contracts of work have struggled to compete with small producers holding a different contract, a mining authority licence (KP), for low-quality coal as they paid higher royalty, Bambang Setiawan, director general of mining, coal and geothermal at the energy and mines ministry, said.
"When the coal contractors join a tender, they can't compete with smaller producers because they pay higher royalties. So we are thinking of reducing royalties for coal-contract of works producers," Setiawan told reporters at the Coaltrans 3rd Coal Mining Operations and Economics conference in Jakarta.
Producers holding coal-contracts of work, whose output accounts for 80 percent of Indonesia's total coal output, pay a royalty of 13.5 percent for all types of coal.
Under the existing scheme, the government owns 13.5 percent of miners' total coal supplies. Miners have to relay the proceeds of the sale of the coal supplies back to the government.
Smaller producers that hold a mining authority licence (KP) -- a different type of mining permit issued by regional a government -- pay 7 percent royalty for high-quality coal, 5 percent for medium-quality coal and 3 percent for low-quality coal.
Indonesia's coal production is expected to reach 250-258 million tonnes of coal this year, the Indonesia Coal Producers Association has said.
Source:Reuters
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Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
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- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
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- Planning Commission, India
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- Global Business Power Corporation, Philippines
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- Eastern Energy - Thailand
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- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
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- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
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- Manunggal Multi Energi - Indonesia
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- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
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- Bhatia International Limited - India
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- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
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- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
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- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- The University of Queensland
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- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
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- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
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- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
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- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
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- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
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- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
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- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
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- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- White Energy Company Limited
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- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
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- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
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- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
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- Sarangani Energy Corporation, Philippines
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- Timah Investasi Mineral - Indoneisa
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
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- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
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- Bukit Makmur.PT - Indonesia
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