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Friday, 15 January 10
GOVT BRINGS IN DOMESTIC COAL MARKET OBLIGATION
 The Energy and Mineral Resources Ministry has issued a ministerial decree requiring producers of coal and other minerals to allocate a proportion of their annual production output to the domestic market, or face sanctions.
The decree, signed on Dec. 31, 2009, states that the proportion for the so called annual domestic market obligation (DMO) will be equal to the estimate of annual demand proposed by potential domestic buyers a year earlier.
Both the producers and domestic consumers are bound to the DMO and failure to comply will result in sanctions. Sanctions will vary from a written reprimand to a production cut of up to 50 percent for producers, and up to 50 percent supply reduction for consumers in the following year if they failed to purchase the commodity at the agreed volume.
The DMO obligation was initially to be introduced through the im-plementing regulations of the Mining Law.
“The implementing regulation will only provide macro policy, while the decree provides detailed guidelines for implementation,” said the director general for coal, minerals and geothermal at the ministry Bambang Setiawan.
Domestic coal demand is expected to reach 75 million tons this year, approximately 30 percent of the estimated total production of 250 million tons. In 2009, coal production was 254 million tons while domestic demand was 56 million tons.
Producers in the manufacturing industries have been complaining of lack of energy supplies and fuels, particularly coal and gas, to keep their production targets on track. It was partly prompted by the disparity between domestic and market prices, with exporters generally being able to sell at a higher price than in the domestic market.
Witoro Soelarno, the secretary to the directorate general for minerals, coal and geothermal, said that the existing coal and mining contracts actually had stated that “the producers must put priority on the domestic market”.
“But, the details of the DMO obligation were not explained and this led to different interpretations in implementation. The decree is expected to give legal certainty for producers and consumers,” Witoro said Thursday.
The Indonesia Mining Association (IMA) executive director Priyo Pribadi Soemarno responded to the introduction of the new regulation on the DMO obligation by saying that coal and minerals producers would have no problem with it as long as the price would not be capped.
“The DMO can be seen as just another target market as long as the price is floated in the market price,” he said.
Priyo added that the government should also guarantee that the output allocated for the domestic market would be able to be reallocated if and when domestic buyers failed to fulfill their commitments to complete orders as planned.
Bob Kamandanu, chairman of the Indonesian Coal Producers Association (APBI), voiced a similar argument.
“If the domestic buyers use the market prices, the producers will happily sell their output to the domestic market as the location is close and this will cut the delivery time,” he said.
The government said the price of minerals will stay regulated through another ministerial decree to be released later.
Source: The Jakarta Post
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Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
Thursday, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
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- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
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- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Petron Corporation, Philippines
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- White Energy Company Limited
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- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
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- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
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- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
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- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
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- The University of Queensland
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- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
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- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
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- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
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- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
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- Price Waterhouse Coopers - Russia
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- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
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- Merrill Lynch Commodities Europe
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- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Edison Trading Spa - Italy
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- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
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- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
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