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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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Tuesday, 17 December 19
BACK TO FUTURE FOR BUSH AS AUSTRALIA CONSIDERS MOVING AWAY FROM COAL NEWCASTLE - HERALD
Looking backwards could show the way forward for regional communities planning for a future beyond mining.
One of Australia’s ...
Tuesday, 17 December 19
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.01 PCT - XINHUA
China Taiyuan coal transaction price index stood at 133.16 points, down 0.01 percent week on week.
The index, released by China Taiy ...
Tuesday, 17 December 19
YEAR 2019: IT IS LOOKING SET THAT THIS YEAR WILL BE ONE OF THE SLOWEST IN TERMS OF DRY BULK NEWBUILDING ACTIVITY - ALLIED
With just two weeks remaining before 2019 comes to an end, it is now looking set that this year will be one of the slowest in terms of dry bulk new ...
Monday, 16 December 19
ULTRAMAX: A 63,000DWT SHIP FIXING DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, FOR RE-DELIVERY TO CHINA AT $11,000 - BALTIC BRIEFING
Capesize
It was one-way traffic for the Capesize market this past week, with all routes giving up value. While downward momentum may have slowe ...
Monday, 16 December 19
THE OUTLOOK FOR U.S. THERMAL COAL IS INCREASINGLY STRESSED - MOODY'S
- Slowing global economic growth, trade tensions will continue to exert influence
- Coal's secular decline will persist in 2020
...
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- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- The University of Queensland
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- PTC India Limited - India
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
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