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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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Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
Thursday, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, ...
Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to ...
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- McConnell Dowell - Australia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Australian Coal Association
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
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- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
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- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
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- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
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- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
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- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- VISA Power Limited - India
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- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
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- Medco Energi Mining Internasional
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- CNBM International Corporation - China
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- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
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- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
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- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
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- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
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- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Mercuria Energy - Indonesia
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- Directorate Of Revenue Intelligence - India
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- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
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- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
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- SN Aboitiz Power Inc, Philippines
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- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
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- Baramulti Group, Indonesia
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- Bhushan Steel Limited - India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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