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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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Tuesday, 23 August 22
SHIPPING INDUSTRY TO REMOVE THE INDIAN OCEAN HIGH RISK AREA - BIMCO
After more than a decade of effective threat-reducing counter-piracy operations the shipping industry has removed the ‘Indian Ocean High Risk ...
Tuesday, 23 August 22
SHIPPING: GLOBAL TAX REFORM - WATSON FARLEY & WILLIAMS
OECD rules designed to implement a global minimum corporate tax rate for very large multinational groups have now been published and are expected t ...
Tuesday, 23 August 22
PARTIES CONCLUDE JOINT R&D AGREEMENT FOR WORLD’S FIRST AMMONIA FLOATING STORAGE AND REGASIFICATION BARGE CONTRIBUTING TO PROMOTING THE EARLY INTRODUCTION OF AMMONIA FUEL - NYK
NYK Line, Nihon Shipyard Co., Ltd. (NSY), ClassNK, and IHI Corporation (IHI) signed a joint research and development agreement for the commercializ ...
Monday, 22 August 22
CHINA'S JULY RUSSIAN COAL IMPORTS HIT 5-YR HIGH AS WEST SHUNS MOSCOW - REUTERS
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted c ...
Sunday, 21 August 22
COAL-RICH POLAND FACES WINTER OF ENERGY DISCONTENT - DW
Poland uses 10 million tons of coal a year to heat households — a whopping 87% of all coal consumed in EU homes in 2019, according to the War ...
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- OPG Power Generation Pvt Ltd - India
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- Parliament of New Zealand
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- Ministry of Mines - Canada
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- Wood Mackenzie - Singapore
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- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
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- Videocon Industries ltd - India
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
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- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
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- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
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- Anglo American - United Kingdom
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- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
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- Eastern Coal Council - USA
- The University of Queensland
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- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
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- The Treasury - Australian Government
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- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Makarim & Taira - Indonesia
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- Economic Council, Georgia
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- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
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- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
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- Central Java Power - Indonesia
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- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- White Energy Company Limited
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
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- Thai Mozambique Logistica
- Petron Corporation, Philippines
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- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
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- ASAPP Information Group - India
- Australian Coal Association
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
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