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Monday, 22 August 22
INDONESIAN GOVERNMENT IMPOSED ON NEW PROGRESSIVE ROYALTIES FOR COAL
Indonesian President Joko Widodo has signed a Government Regulation (Number 26 of 2022) on 15 August 2022 related to the progressive royalty rates for coal exports, and the regulation will come into effect on 15 September 2022.
According to the regulation, the progressive royalty rate applies based on Indonesian reference coal price (HBA) not on actual selling price. The highest royalty is fixed at 13.5%. The coal with calorific value of 5,200 kcal/kg on GAR basis and above, and the Indonesian reference coal price is above US$ 90 per tonne, the 13.5% of progressive royalty will be set. In August Indonesian reference coal price 2022 set at US$ 321.59 per ton basis 6322 kcal/kg GAR coal.
In the new regulation, the royalty rate is progressive which adjusts to the Reference Coal Price. The details are as follows:
Calorie Level 4,200 Kcal/kg on GAR basis and below
- HBA below US$ 70 per ton: Royalty 5%
- HBA US$ 70 – 90 per ton: Royalty 6%
- HBA US$ 90 and above per ton: Royalty 8%
Calorie Level 4,200-5,200 Kcal/kg on GAR Basis
- HBA below US$ 70 per ton: Royalty 7%
- HBA US$ 70 - 90 per ton: Royalty 8.5%
- HBA US$ 90 and above per ton: Royalty 10.5%
Calorie Level 5,200 Kcal/kg on GAR basis and above
- HBA below US$ 70 per ton: Royalty 9.5%
- HBA US$ 70 - 90 per ton: Royalty 11.5%
- HBA US$ 90 and above per ton: Royalty 13.5%
According to the previous regulation, PP 81/2019, the followings are the royalty set for coal:
- Calorie Level 4,700 Kcal/kg on GAR basis and below: 3% of selling price
- Calorie Level 4,700-5,700 Kcal/kg on GAR basis: 5% of selling price
- Calorie Level 5,700 and above on GAR basis: 7% of selling price
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Friday, 18 November 22
REALITIES OF LOI LIABILITIES - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] E ...
Tuesday, 15 November 22
CHINA SEES RISING COAL STORAGE AMID SUPPLY PUSH - XINHUA
Coal stockpiles at China’s power plants have seen considerable increases, ensuring energy supply for the winter, the country’s energy r ...
Tuesday, 15 November 22
SEABORNE THERMAL COAL PRICES START TO EASE, BUT PROCESS IS UNEVEN - REUTERS
Prices for seaborne thermal coal have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the differ ...
Thursday, 10 November 22
INDIA: THERMAL PLANTS HAVE ADEQUATE COAL STOCKS AT 25.6 MILLION TONNES, SAYS GOVT - IANS
The coal stock with domestic dry fuel-based power plants, as on October 31, was 25.6 million tonnes, the government said, adding that the availabil ...
Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
Fitch Ratings expects basic materials demand in China to improve qoq in 4Q22, driven by seasonally higher construction activity, solid infrastructu ...
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- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- MS Steel International - UAE
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- VISA Power Limited - India
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
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