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Wednesday, 05 June 13
DON'T AVOID PAYING COAL ROYALTY TO THE GOVERNMENT - INDONESIAN ENERGY MINISTER
 COALspot.com – “Every country has the right to make policies to protect their national interests”, Energy and Mineral Resources Minister of Indonesia Jero Wacik replied to a question related to China’s proposed import ban on low calorific value coal on the sidelines of the 19th CoalTrans Asia conference at the Bali International Convention Center in Nusa Dua, Bali. The minister further said, the government would increase coal exports to other countries, including India, look to new markets and encourage domestic consumption, if China imposes the ban on lower grader coal.
According to minister demand for coal is still high, and it will continue to be increases. The current low prices are just for temporary period, and the coal prices will increase again soon once world economy returns to its normal condition.
“Don’t avoid paying coal royalty to the government”, he requests coal producers to pay the royalty on time as per the government regulation.
China is reportedly considering to ban imports of lower calorific value coal because these types of coal create high pollution. China’s decision, if implemented, would hurt Indonesia’s low calorific value coal producers. In the meantime, it will be benefited for high calorific value producers. The Chinese coal buyers as well as Indonesian coal suppliers were saying, during 19th CoalTrans Asia conference, China is considering banning coal with calorific value below 3700 on NAR basis instead of previously 4540 NAR coal. However, some of the participants of coal conference are in an opinion that, the ban will not be implemented immediately.
In the meantime, the demand for 3800 GAR to 4200 GAR coal is still high and Indian buyers are looking for similar coal for Indian market.
“The demand is there, but the asking prices for 3800 GAR coal are very low”, said a coal producer. According to the producer, who is producing coal from central Kalimantan, the bids are around US$ 35 per MT fob vessel, which is far below than current offer prices.
In the meantime, a south Sumatra coal producer said, the price differences between their offers are bids that they are receiving is very narrow. “ The difference between our offer and bids are around US$ 0.50 to US$ 1 per ton” said the same producer who is producing around 100,000 tons of coal every month.
The immediate future of coal market direction is unpredictable at this moment. No stakeholder of coal industry is able to give a firm forecast neither on direction of coal market nor price.
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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- The University of Queensland
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
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