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Tuesday, 23 October 12
INDONESIA SETS DMO FOR NEXT YEAR
COALspot.com - The Indonesian government has declared the quantity of coal to be supplied to domestic market in 2013 recently under DMO regulation. According to media reports, the government has sets 74.30 million tons of coal under domestic market obligation (DMO) in 2013. The 2013, DMO volume is equivalent to 20.30 percent of the target production volume or is around 337 million tons to 366.04 million tons forecasted production level.
Year 2012, government has forecasted to produce around 332 million tons, but in 2013, the forecasted production level of coal has increased at least by 10.24 percent. However DMO allocation for next year has dropped by 9.44 percent compared to the DMO of this year. Government has asked the selected coal producers to allocate 82.02 million tones coal in 2012, where’s next year, government has sets only around 74.30 million tons.
According to media reports, director general of mineral and coal ministry of energy and mineral resources (ESDM), Sihite Thamrin said the DMO obligation will be applicable only for 74 coal producers
However he also indicated that, the companies do not meet DMO sales, will receive sanctions from mining department. However he has not disclosed, the mode of sanction that, the companies may receive against non fulfillment of DMO from the ministry.
The obligation to sell coal to the domestic market in 2013 has regulated by a ministerial Decree No. 2934 / 2012. The decree said that, as many as 28 mining business license (IUP) holders are required to set aside as much as 10.31 percent of their total coal production for domestic needs in 2013.
In the meanwhile, 45 coal contract of works (PKP2B or CCoW) holder were required to allocate total 61.76 million tons of coal to domestic market under DMO obligation in 2013. The state-owned coal miner PT Bukit Asam Tbk is expected to allocate 2.2 million tons in 2013 to domestic market.
According to decree signed by Minister of Energy and Mineral Resources Jero Wacik on October 8, Indonesia’s largest coal producers such as PT Adaro Indonesia, and PT Kaltim Prima Coal will allocate 10.15 million tons and 10.76 million tons respectively for domestic market in 2013.
According to media reports, Thamrin explained, the volume of domestic requirements set by the government based on the request of domestic companies including PT PLN, Freeport, Newmont and other private companies.
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Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
Friday, 10 November 23
THE COMMODITIES FEED: OIL UNDER PRESSURE - ING
Energy – Brent plummets
The oil market came under significant pressure yesterday. ICE Brent settled 4.19% lower on the day and ...
Friday, 10 November 23
COAL USE AT U.S. POWER PLANTS CONTINUES DOWNWARD SPIRAL; FULL IMPACT ON MINES TO BE FELT IN 2024 - IEEFA
This year, the use of coal by the U.S.’s power producers has been so anemic that the fuel has not achieved a 20% market share in any month so ...
Friday, 10 November 23
INDIA: NATIONAL COAL INDEX RISES 3.83 POINTS IN SEPTEMBER AMID HIGHER DEMAND - LIVEMINT
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal.
The union coal ministry on Tuesd ...
Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production ...
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- McConnell Dowell - Australia
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- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
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- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
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- The University of Queensland
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- Economic Council, Georgia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
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- Ministry of Finance - Indonesia
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- India Bulls Power Limited - India
- Wilmar Investment Holdings
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- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
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- VISA Power Limited - India
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- Attock Cement Pakistan Limited
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- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
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- Coalindo Energy - Indonesia
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- Ambuja Cements Ltd - India
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- CNBM International Corporation - China
- Bharathi Cement Corporation - India
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- Kobexindo Tractors - Indoneisa
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- GN Power Mariveles Coal Plant, Philippines
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- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
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- Heidelberg Cement - Germany
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- Parliament of New Zealand
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- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
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- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Minerals Council of Australia
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- Antam Resourcindo - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
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