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Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower prices, the mining minister said on Tuesday.
The plan to set up the scheme follows a coal supply crunch at local power plants that forced the world’s largest thermal coal exporter to temporarily halt exports at the beginning of 2022.
Indonesia requires miners to sell a portion of their output to state power firm Perusahaan Listrik Negara (PLN) at a maximum price of $70 per metric ton and to certain local industries at a maximum $90 per ton.
Officials said when global prices of coal are high, some miners would not comply with the rules, causing a supply crunch.
Under the planned scheme, all coal miners will be required to pay levies and the proceeds will be used to compensate miners who supply to PLN at the capped price.
“This will create fairness and a level playing field. Everyone will share the responsibility to support the government programme relating to domestic market obligations,” Energy and Mineral Resources Minister Arifin Tasrif said at a parliamentary hearing.
He gave no estimate of how much would be collected.
The regulations and infrastructure needed for the implementation of the scheme are being finalised, he said.
“If all these can be finished soon, we can run a trial in December and the operation can start in January 1, 2024,” Arifin said.
State-controlled Bank Mandiri, Bank Negara Indonesia and Bank Rakyat Indonesia will be appointed to collect the funds, he added.
Coking coal miners will be excluded from the scheme, Arifin said, but they would still be required to meet the domestic sales obligation.
Source: Reuters
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Friday, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
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- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Planning Commission, India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
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