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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, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- White Energy Company Limited
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
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