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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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Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
Wednesday, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
...
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- Petrochimia International Co. Ltd.- Taiwan
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- Indian Energy Exchange, India
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- Wilmar Investment Holdings
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- Altura Mining Limited, Indonesia
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- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
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- Central Java Power - Indonesia
- Deloitte Consulting - India
- The Treasury - Australian Government
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- The University of Queensland
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Chamber of Mines of South Africa
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- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
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- Essar Steel Hazira Ltd - India
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- Billiton Holdings Pty Ltd - Australia
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- Edison Trading Spa - Italy
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- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
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- Trasteel International SA, Italy
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
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- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- VISA Power Limited - India
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
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- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- PTC India Limited - India
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
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- Directorate Of Revenue Intelligence - India
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- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
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- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
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- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
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- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Australian Coal Association
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Planning Commission, India
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- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
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- Meralco Power Generation, Philippines
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
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