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Thursday, 03 December 09
INDONESIA MAY ALLOW COAL SALES BELOW GOVT PRICE
 Reuters reported that, Indonesia is considering giving producers some flexibility to sell coal below the government's monthly benchmark price to cope with competition in export markets, a government official said on Wednesday.
The government has previously said it would set up its own monthly coal price benchmark in order to reduce the practice of transfer pricing and reduce losses to the state.
Under transfer pricing, some Indonesian coal firms sell coal to affiliates in countries such as Singapore at artificially low prices in order to avoid paying hefty taxes.
Bambang Gatot Ariyono, director of mineral and coal production at the energy ministry, said producers were concerned that they might not win overseas tenders if they always have to sell above the benchmark price.
"There's concerns from producers that competitors may bid slightly lower than our benchmark prices to win overseas tenders because they know we can't sell below the benchmark," Ariyono, director said on the sidelines of the McCloskey Asia Pacific Coal Outlook Conference 2009 in Bali.
"So we discussed a proposal to give flexibility to producers to sell coal below a benchmark price to anticipate competition in export markets," he said.
But implementation of the government's coal index is still awaiting completion of regulations under a new mining and coal law passed in December, which are facing delays.
The index will be made up of prices of 8 types of coal, ranging from 7,000 kcal/kg to 4,200 kcal/kg on gross as-received (GAR) basis.
Supriatna Suhala, executive director of the Indonesian Coal Producers Association, said producers needed the flexibility to set coal prices especially when selling low-quality coal.
"We have to give discounts for certain type of coal that are low quality such as having high moisture or sulphur content so that we can sell," Suhala said.
Indonesia, the world's biggest exporter of thermal coal, is expected to produce 270-280 million tonnes of coal next year, the association has said.
Even if selling below the government's benchmark price, producers would have to pay non-income taxes including royalties based on the benchmark price, Ariyono said, adding the plan was still being discussed between with producers.
Source: Reuters
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Wednesday, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. T ...
Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
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- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- PTC India Limited - India
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Trasteel International SA, Italy
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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