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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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Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
Wednesday, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finish ...
Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...
Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...
Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...
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- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
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- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
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- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
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- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Singapore Mercantile Exchange
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
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- Renaissance Capital - South Africa
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- OPG Power Generation Pvt Ltd - India
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- Coal and Oil Company - UAE
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- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Orica Mining Services - Indonesia
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- White Energy Company Limited
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
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- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
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- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
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- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
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- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
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- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
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- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
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- Romanian Commodities Exchange
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- Star Paper Mills Limited - India
- Parliament of New Zealand
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- Vijayanagar Sugar Pvt Ltd - India
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- Bhatia International Limited - India
- Parry Sugars Refinery, India
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- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
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- Semirara Mining Corp, Philippines
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- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
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- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
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- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
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- Thai Mozambique Logistica
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
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- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
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- Wilmar Investment Holdings
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- Wood Mackenzie - Singapore
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- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Planning Commission, India
- The Treasury - Australian Government
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