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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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Saturday, 25 February 23
INDONESIA IS STILL BY FAR THE TOP SUPPLIER OF COAL TO CHINA - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, said ban ...
Wednesday, 22 February 23
MARKET INSIGHT - INTERMODAL
The short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progre ...
Saturday, 18 February 23
OIL UNLIKELY TO BREAK ABOVE $100/BBL THIS YEAR, J.P.MORGAN SAYS –- REUTERS
Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially add ...
Saturday, 18 February 23
CHINA'S COAL PRICES FALL TO 1 YR-LOW, CLOUDING DEMAND AND IMPORT OUTLOOK - REUTERS
China’s thermal coal prices hit their lowest levels in a year this week on rising inventories as domestic mine production is recovering faste ...
Saturday, 18 February 23
PAKISTAN PLANS TO QUADRUPLE DOMESTIC COAL-FIRED POWER, MOVE AWAY FROM GAS - REUTERS
Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming ...
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- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Australian Coal Association
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
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