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Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
 The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking an apparent reversal of a 2008 rule.
The official also said that in the metal mining sector, the government would not push miners to set up their own smelters to process minerals locally, particularly if production was low.
The policy change is likely to be welcomed by mining firms, many of which had complained that the requirement to process all mining products into metals locally, either by setting up their own smelters or using another local smelter, could inflate costs and deter investment.
Passed in December 2008, Indonesia’s new coal and mining law requires coal producers to sell a certain portion of their output to the domestic market because demand at home is expected to surge in coming years as new power projects are completed and come on stream.
The requirement to process all mining products locally is also part of the new law that is designed to squeeze more revenue from the sector.
A draft of implementation regulations attached to the new law stipulated that coal miners could only sell overseas if they had already met domestic demand for coal or minerals.
But many big coal producers holding coal-works contracts have not been able to meet the domestic sales obligation as local buyers, including state electricity firm PT Perusahaan Listrik Negara, prefer to buy cheap coal from smaller rivals, said Bambang Setiawan, director general of minerals, coal and geothermal energy at the Energy Ministry.
“Coal contractors can continue exports of their coal even if their domestic sales don’t reach the requirement. It’s not their fault if they don’t have local buyers for their coal,” Bambang said on Monday, on the sidelines of the Indonesia Mining World 2009 Conference on Bali.
Holders of a coal contract of works — a long-term agreement between both foreign and domestic firms and the central government — normally sell coal at higher prices, as the pact gives the government a 13.5 percent cut of revenue.
This contrasts with smaller rivals, who hold a mining authorization, or KP, which is only available to domestic firms and must be agreed with local governments. The smaller miners typically pay a lower coal royalty of 3 percent to 7 percent, depending on the type of coal.
Producers holding coal contracts of work, such as PT Bumi Resources and PT Adaro Energy, account for 80 percent of total output in Indonesia, the world’s top exporter of thermal coal, which is expected to ship some 230 million tons this year.
The obligations to the domestic market will be implemented once new regulations attached to the mining law are completed. The government expects to issue the new regulations in January, Bambang said.
The government has said it plans to cap coal exports at 150 million tons a year as soon as 2010 to help supply new power stations coming on stream as part of a program to boost generating capacity and ease power shortages.
But analysts said it may take as long as five years before the new power plants finally fire up domestic demand.
Bambang said the requirement that miners set up their own smelters to process minerals locally will only apply for minerals where production has exceeded the capacity of local smelters, such as copper and nickel.
“But it won’t apply for other minerals where production is still low, such as lead and zinc. We won’t force it if it’s not economical,” he said.
Indonesia is also the world’s top exporter of tin, and one of the key producers of zinc, copper, nickel and gold.
International natural resource firms such as Freeport-McMoran Copper and Gold and Newmont Mining, both based in the United States, have operations in Indonesia but the country has seen little new foreign investment in metals and mining in recent years.
The mining law appears likely to dampen enthusiasm among potential investors.
Source: Reuters / Jakarta Globe
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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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- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Planning Commission, India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- CNBM International Corporation - China
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