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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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Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Tuesday, 08 September 09
INDIA MAY HAVE A JOINT WORKING GROUP FOR COAL WITH INDONESIA: SRIPRAKASH JAISWAL - PRESS RELEASE
Press Information Bureau of India reported in its web site that, The Coal Ministry has, in principle, agreed to set up a Joint Working Group for coa ...
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- Indian Oil Corporation Limited
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- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
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- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
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- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
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- Toyota Tsusho Corporation, Japan
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- Metalloyd Limited - United Kingdom
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- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
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- Indika Energy - Indonesia
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- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
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- London Commodity Brokers - England
- Independent Power Producers Association of India
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- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
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- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
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- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Renaissance Capital - South Africa
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- Wilmar Investment Holdings
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- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sinarmas Energy and Mining - Indonesia
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- Interocean Group of Companies - India
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- Bahari Cakrawala Sebuku - Indonesia
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- PTC India Limited - India
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- Vedanta Resources Plc - India
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- Videocon Industries ltd - India
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- Maharashtra Electricity Regulatory Commission - India
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- Oldendorff Carriers - Singapore
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- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
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- Planning Commission, India
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