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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, 10 November 23
THE COMMODITIES FEED: OIL UNDER PRESSURE - ING
Energy – Brent plummets
The oil market came under significant pressure yesterday. ICE Brent settled 4.19% lower on the day and ...
Friday, 10 November 23
COAL USE AT U.S. POWER PLANTS CONTINUES DOWNWARD SPIRAL; FULL IMPACT ON MINES TO BE FELT IN 2024 - IEEFA
This year, the use of coal by the U.S.’s power producers has been so anemic that the fuel has not achieved a 20% market share in any month so ...
Friday, 10 November 23
INDIA: NATIONAL COAL INDEX RISES 3.83 POINTS IN SEPTEMBER AMID HIGHER DEMAND - LIVEMINT
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal.
The union coal ministry on Tuesd ...
Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production ...
Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
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- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- VISA Power Limited - India
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Australian Coal Association
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Videocon Industries ltd - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Minerals Council of Australia
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
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