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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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Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
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- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Vedanta Resources Plc - India
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- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
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- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
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- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Agrawal Coal Company - India
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- Merrill Lynch Commodities Europe
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- White Energy Company Limited
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- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
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- Mintek Dendrill Indonesia
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- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
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- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
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- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
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- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
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