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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, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Planning Commission, India
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- The University of Queensland
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
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