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Thursday, 15 October 09
GOVT TO CAP COAL EXPORTS AT 150 MILLION TONS A YEAR
 The Jakarta Post reported that, The government plans to cap coal exports at around 150 million tons a year in a bid to guarantee supply for domestic demand, especially for electricity generation, an official said.
"The figure is based on our estimate of the domestic demand for coal," Bambang Setiawan, director general for coal, minerals and geothermal energy at the Energy and Mineral Resources Ministry, told reporters Wednesday.
The export cap will be included in a government regulation on domestic market obligations (DMO).
"We expect the regulation on the DMO to be concluded this year," Bambang said.
According to Bambang, national coal production this year is targeted at 230 million tons. He said that as much as 161.5 tons of this total were for export and the remaining 68.5 tons were for the domestic market.
The Indonesian Coal Producers Association has estimated national coal production will reach 250 million tons this year while the domestic demand will reach 50 million tons.
Bambang said the domestic demand would increase significantly in the upcoming years as power plants from the government's 10,000 megawatt electricity crash program would begin operation in 2011.
He said the coal demand from the power sector in 2011 would be somewhere between 65 million and 70 million tons a year, up from 40 million to 46 million tons this year.
Bambang also announced a government plan to provice incentives for low-calorie coal producers.
Bamband said the government plans to reduce the percentage of the so-called coal production fund (DHPB), which basically consist of development fee and royalty paid to the government.
The government requires low-calorie coal producers to pay the DHPB as much as 13.5 percent of their sales revenue.
Bambang said the Energy and Mineral Resources Ministry proposed to reduce the DHPB for low-calorie coal producers from 13.5 percent to around 7.5 percent. The reduction will only be taken from the development fee, while the royalty will remain at 3 percent.
"This proposal still needs to be discussed further with the Finance Ministry," Bambang said.
Source: The Jakarta Post
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Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...
Monday, 16 November 09
141 VESSELS ARE EXPECTED TO LOAD 8.833 MILLION TONS OF INDONESIAN COAL BEFORE 30 NOVEMBER 2009
COALspot.com (Indonesia): 141 vessels are expected to load or sail with 8.833 million tons of Indonesian coal before 30 November 2009.
A source f ...
Sunday, 15 November 09
NALCO SHELVES SA PROJECT- PUTS IRAN PROJECT ON HOLD
The Economic Times reported that, In a twin decision on its global operations involving about Rs 27,000-crore (US$ 5.847billions) investment, the st ...
Saturday, 14 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 19,000 / 20,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR SINGAPORE
COALspot.com (Singaproe): BDI continues to rally crossing the 4,000 mark. The BDI increased this week by 718 points up by 21 pct and closed at 4,111 ...
Saturday, 14 November 09
CHINA HAS BEEN THE LARGEST SINGLE BUYER OF INDONESIAN COAL IN OCTOBER, TAKING 24.37% OF TOTAL EXPORT QUANTITY OF 22.637 MILLION TONS
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in October 2009, taking 24.37% of total export quantity o ...
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- Price Waterhouse Coopers - Russia
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- IHS Mccloskey Coal Group - USA
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- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
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- GAC Shipping (India) Pvt Ltd
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- Star Paper Mills Limited - India
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- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
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- Orica Mining Services - Indonesia
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- CNBM International Corporation - China
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- Bangladesh Power Developement Board
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- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
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- Bulk Trading Sa - Switzerland
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- Ministry of Finance - Indonesia
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- Parliament of New Zealand
- The University of Queensland
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- Merrill Lynch Commodities Europe
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- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
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- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
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- Global Green Power PLC Corporation, Philippines
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- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
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- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
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- Indonesian Coal Mining Association
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- Maheswari Brothers Coal Limited - India
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- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
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- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
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- Renaissance Capital - South Africa
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- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
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- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
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- Petrochimia International Co. Ltd.- Taiwan
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- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
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- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
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- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
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- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
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- Standard Chartered Bank - UAE
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- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
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- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
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- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
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- Planning Commission, India
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- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
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