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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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Monday, 12 October 09
SHANDUKA BUYS SACMH RICHARDS BAY COAL ALLOCATION
* Shanduka Coal takes SACMH 500,000T export space
* RBCT must approve any change of ownership
Reuters reported that, South Africa's Shanduka Co ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plant ...
Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
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- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- PTC India Limited - India
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
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