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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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Saturday, 20 August 22
KOSPO TO IMPORT 240000 MT OF MIN 4400 KCAL/KG NCV STEAM COAL FOR OCTOBER;LOADING FROM RUSSIAN PORTS NOT ALLOWED
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 240,000 MT of min 4,400kcal/kg to max. 4,999 kcal/kg NC ...
Wednesday, 17 August 22
INDIAN COMPANIES SWAPPING DOLLAR FOR ASIAN CURRENCIES TO BUY RUSSIAN COAL - REUTERS
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoidi ...
Wednesday, 17 August 22
LNG: MAJOR INVESTMENT AND EXPANSION PHASE, DOUBLING OF LIQUEFACTION CAPACITY BY 2028 PROJECTED - CLARKSONS
Clarksons Research have released the latest version of their long standing annual review, LNG Trade & Transport, on to Shipping Intelligence Ne ...
Wednesday, 17 August 22
UNAFFORDABLE LNG PRICES UNDERMINE RAPID DEMAND GROWTH FORECASTS IN KEY ASIAN MARKETS - IEEFA
Sustained high prices may accelerate downward pressures on Asian LNG demand, clouding long-term industry outlooks
The global liquefi ...
Wednesday, 17 August 22
CHINA'S COAL-RICH SHANXI MAKES STRIDES IN HIGH-QUALITY DEVELOPMENT - XINHUA
Shanxi, a major coal-producing province in north China, has made continuous advances in high-quality development over the past decade, according to ...
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- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- PTC India Limited - India
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Planning Commission, India
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
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