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Thursday, 08 December 22
COAL ROYALTY PAYMENTS BOOST AUSTRALIAN STATE'S BUDGET FORECAST - REUTERS
Australia’s Queensland state on Wednesday forecast a record surplus for the current financial year, largely driven by higher royalty payments from coal producers on the back of a sharp rise in global energy prices due to Russia’s war in Ukraine.
Coal and petroleum royalty revenue has been revised up by A$5.82 billion ($3.90 billion) for the financial year ending June next year, state Treasurer Cameron Dick said in a budget update.
“Coal royalties are worth fighting for. Queenslanders deserve their fair share and they will receive it,” Dick said.
Queensland, home to coal mines owned by majors BHP Group Ltd, Glencore PLC, Anglo American PLC and Peabody Energy Corp BTU.N, in June ended a 10-year freeze on royalty rates and raised them to capture windfall profit.
A record surplus of A$5.2 billion is now forecast for the state for 2022-23.
The budget update comes ahead of a meeting of federal and state leaders called by Prime Minister Anthony Albanese on Friday to discuss enforcing price caps on gas and coal to contain soaring power prices.
Albanese has said his government is considering price caps, but some resource-heavy states have pushed back as it could hit the revenue they make from royalty payments. Queensland has said it would seek compensation from the federal government for any revenue loss.
Federal Treasurer Jim Chalmers said his government will engage with the states on all matters including compensation but any potential financial support will not be a “blank cheque”.
“We’ve got a trillion dollars in debt, we’ve got deficits as far as the eye can see … so we need to be responsible about it but we also need to be reasonable about it and that’s what we’re doing,” Chalmers told ABC Radio.
Source: Reuters
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Wednesday, 07 December 22
INDIA'S STEEL MINISTRY SEEKS IMPORT TAX WAIVER FOR COKING COAL - SOURCES REUTERS REPORTED
India’s steel ministry has asked the finance ministry for a waiver of import tax on coking coal among a slew of raw materials, as it scramble ...
Tuesday, 06 December 22
INDIA'S COAL PRODUCTION RISES 17% IN APR-NOV PERIOD - PTI
The country’s coal production increased 17 per cent to 524.20 million tonnes in the April-November period of the ongoing fiscal.
...
Tuesday, 06 December 22
INDONESIA AIMS TO STARTS COLLECTING COAL LEVY IN Q1 2023 - MINISTER, REUTERS REPORTED
Indonesia aims to establish a coal fund agency and start collecting a coal levy in the first quarter next year, to help ensure supply security for ...
Saturday, 03 December 22
COMPLEX RUSSIAN PRICE CAP MAKES MARITIME VISIBILITY A MUST - WINDWARD
Many commentators and analysts are speculating about the potential impact the Russian seaborne oil price cap will have on organizations and entitie ...
Friday, 02 December 22
INDONESIAN COAL PRICE REFERENCE PLUNGE TOWARD US$ 281.48 A TON AS DEMAND DROPS WORLDWIDE
COALspot.com: The cost of coal is falling so fast that it is beginning to put real money back in the pockets of end-users.
Indonesia ...
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- Parliament of New Zealand
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- White Energy Company Limited
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- PTC India Limited - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- The University of Queensland
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Marubeni Corporation - India
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