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Thursday, 02 January 20
DMO 2020 PRICE SET FOR ELECTRICITY SECTOR - IAN WOLLFF
 On the 26th December 2019, the Minister of Energy and Mineral Resources (ESDM) issued the decree No. 261.K/30.MEM/2019 about the States needs for coal in 2020 [Domestic Market Obligation = DMO] that is effective from the 1st January 2020. It is good that the decree was issued prior to its application, and the socialization of the decree is much anticipated.
The first three stipulations simply set the DMO for coal producers at a minimum of 25% of their sales. If this commitment is not met, then the producers are “obliged to pay compensation” for the shortfall amount of DMO sales. Note that the nature of such compensation is not mentioned in this decree.
The remainder of the decree specifically addresses coal sold “for the supply of electricity for public use..” The DMO sales for the cement and other industries are not mentioned, and presumably this decrees price setting formula for the electricity industry may not apply to other DMO coal uses.
The decree sets the coal selling price to the domestic electricity market, based upon a reference coal quality, and at the Free On Board (FOB) sales point. It would appear the business entity providing electricity is now mandatory to buy coal FOB and be responsible for coal transport, and to prioritize long term contracts. Coal producers that do not meet their DMO commitments related to the domestic electric market will be subject to sanctions in the form of reducing quota for the following years approved production. There seems to be no mention on the differentiation of 25% overall DMO and the proportion to be committed to the electric industry.
The Decree’s attachment sets out the determination of the selling price for the supply of electricity for public interest. There is separate formula for when the coal reference price is equal or more than USD 70/ton FOB, and for when the coal reference price is less than USD 70/ton FOB. The formula considers variations in coal quality and provides a table of 77 Indonesian coal quality / brands. There is a third consideration in the calculation of coal sales price to the electricity supply for public interest related to Spot Sales. It would seem the formulae do not consider coking properties.
Ian Wollff
Principal Geologist. Independent Consultant
Originally Published on Linkedin on 1 January 2020
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Thursday, 09 January 20
SUPRAMAX: A NUMBER OF INDONESIAN ROUND TRIPS WERE REPORTED AT BELLOW USD 5,000 PD LEVELS - FEARNLEYS
Capesize
The Capesize market has hit new low's in the first week of the new year, with the West Australia route being fixed at USD 6.6 being ...
Wednesday, 08 January 20
WHAT IS BIMCO THINKING ABOUT 2020? - BIMCO
Every year, BIMCO considers what is in store for the shipping industry and for BIMCO in the coming years, while also reflecting on the year gone by ...
Wednesday, 08 January 20
VINACOMIN SETS TO SELL 49 MILLION TONNES OF COAL IN 2020 - VIETNAM NET
The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) has set to sell 49 million tonnes of coal in 2020, a year-on-y ...
Wednesday, 08 January 20
CHINA'S COAL-RICH PROVINCE CUTS 18.95 MLN TONNES OF CAPACITY IN 2019 - XINHUA
North China’s Shanxi Province reduced its coal production capacity by 18.95 million tonnes by closing 18 coal mines in 2019.
A ...
Wednesday, 08 January 20
JANUARY INDONESIAN COAL PRICE REFERENCE SLIPS US$ 0.37 MOM
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
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- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- The University of Queensland
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- White Energy Company Limited
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Planning Commission, India
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
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