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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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- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
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- Rio Tinto Coal - Australia
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- Petron Corporation, Philippines
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- TNB Fuel Sdn Bhd - Malaysia
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- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
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- Videocon Industries ltd - India
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- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
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- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
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- Electricity Authority, New Zealand
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- Global Business Power Corporation, Philippines
- Australian Coal Association
- India Bulls Power Limited - India
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- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
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- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
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- SMC Global Power, Philippines
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- Bhatia International Limited - India
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- McConnell Dowell - Australia
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- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
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- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Planning Commission, India
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- Mercator Lines Limited - India
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- Minerals Council of Australia
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- The Treasury - Australian Government
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- Bukit Makmur.PT - Indonesia
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- Timah Investasi Mineral - Indoneisa
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- Marubeni Corporation - India
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- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
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- Renaissance Capital - South Africa
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- Power Finance Corporation Ltd., India
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- White Energy Company Limited
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- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- The University of Queensland
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- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
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- Indogreen Group - Indonesia
- PTC India Limited - India
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
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- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
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- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
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