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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, 29 July 22
GLOBAL COAL DEMAND IS SET TO RETURN TO ITS ALL-TIME HIGH IN 2022 - IEA
The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according ...
Thursday, 28 July 22
CREW FAMILIARISATION IS CRITICAL WHEN TAKING OVER A VESSEL - WEST P&I CLUB
Knowledge to Elevate
When a vessel changes ownership and/or manager, it can take some considerable time before the new crew and mana ...
Thursday, 28 July 22
RETURN OF COAL A THREAT TO EUROPEAN COMPANIES' ESG RATINGS - REUTERS
European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them ...
Wednesday, 27 July 22
MARKET INSIGHT - INTERMODAL
Amid the upcoming ban on Russian coal from the EU, which will be in full effect on August 10th, EU nations have been accelerating their coal import ...
Tuesday, 26 July 22
CAP RUSSIA'S OIL PRICE NOW - PROJECT SYNDICATE
Though the price of oil has declined in recent weeks, it is still through the roof, filtering through to gasoline prices, and causing economic and ...
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- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
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- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
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- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
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- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
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- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
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- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
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- Altura Mining Limited, Indonesia
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- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Minerals Council of Australia
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- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
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- The Treasury - Australian Government
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- Directorate General of MIneral and Coal - Indonesia
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- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
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- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
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- Eastern Coal Council - USA
- Electricity Authority, New Zealand
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- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
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- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
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- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- White Energy Company Limited
- The University of Queensland
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
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- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
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- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
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