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Thursday, 30 September 10
LOW CALORIFIC VALUE COAL MAY BE SOLD BELOW COAL REFERENCE PRICE IN INDONESIA
 COALspot.com: Indonesia, the world’s largest coal exporter has issued another ministerial decree to regulate the selling price of coal of Indonesian origin on 23 September 2010, which is the implementation regulation for government regulation 23/2010. “This is an important policy in order to restructure the optimal benefits in the management of coal in Indonesia” according to web site of directorate general of minerals and coal.
The regulation on coal reference price, guidelines states that coal must be sold at or above the government's declared monthly coal reference price. However, the same regulation also providing room for coal that contains a very low calorific value to sell below reference price. However , it was not clear what calorific Value or Total Moisture coal being categorized as low GCV coal.
As stated by Reuters, "The low CV coal can be sold without following the government price reference but miners must give a strong reason and it will be subject to approval by the ministry," said Witoro Soelarno, secretary at the directorate general of minerals and coal at the energy and mines ministry.
Production Operation Permit holder's of coal Mining (IUP holders) must sell their coal as per monthly reference price issued government either for export or domestic market , including to its affiliated business entities, says regulation no 17/2010, the decree, issued by the energy ministry on September 23 and copy of the same obtained by COALspot.com.
The decree 17/2010 has been in force since the day of its issue on 23 September 2010.
The main points of the decree ( related to coal)
Director General on behalf of the Minister to set a benchmark price for steam (thermal) coal and coking (Metallurgical) coal every month.
Coal miners must refer Indonesian Coal benchmark price to conclude the deal with domestic or international buyers and must give priority for Indonesian flag carriers, if they used vessel/ barges to transport coal.
Mine owners can use the surveyor named or appointed by the Director General on behalf of the Minister.
Mine owners are required to submit a monthly coal sales reports to authority. The report must include selling price, sales volume, quality, point of sale, cost adjustments, and name of port of destination or country.
Monthly report should be supported by supporting documents.
Coal sellers are required to follow Indonesian coal price reference when conclude the coal sales and purchase agreement with their respective buyers. Spot deals should refer to the reference price of the month that shipment taken place where’s term deals should refer to the reference price of an average of 3 (three) previous months from the date of agreement signed. However, before it was committed in the sales contract must be submitted to the Minister through the Director General.
Concluded spot contracts must be executed within one month from the date of contract signed and term contracts must be commenced execution within 2 months from the date of sales and purchase contract and must be completed within a maximum period of 12 months.
Miners are required to submit an annual delivery schedule to the Director-General in the beginning of the year, and if there are any changes in the delivery schedule, then must be reported revised delivery schedule periodically. Violations can lead to revocation of mining permits.
Coal for specific purposes and certain types of coal (fine coal, reject coal and coal with certain impurities) used in the domestic market can be sold at a price below the coal price reference, after obtain approval from the Director General on behalf of the Minister.
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Tuesday, 05 October 10
EWP SEEKING VIETNAMS ANTHRACITE COAL
COALspot.com: South Korea’s EWP is seeking Min 200,000MT of Vietnam coal with plus or minus 30,000MT at EWP’s (Korea East West Power Co ...
Monday, 04 October 10
2 BLN TONS OF COAL RESERVES DISCOVERED IN SOUTHERN PAKISTAN - XINHUA / HELLENIC SHIPPING
Xinhua and Hellenic Shipping reporte dhtat, the discovery of at least two billion tons of usable coal reserves has been confirmed in one of the ...
Sunday, 03 October 10
THE BDI WAS JUST INCREASED BY 8 POINTS AND CLOSED AT 2452 POINTS LAST FRIDAY - VISTAAR
COALspot.com: The BDI was almost at same levels and just increased by 8 points and closed at 2452 points , however the cape index was up by al ...
Sunday, 03 October 10
NALCO TO FINALIZE INDONESIA COAL DEAL BY JANUARY - HINDUSTAN TIMES
HindustanTimes reported that, state-owned National Aluminium Company (NALCO) will finalise a deal with a coal source in Indonesia for its $4 billion ...
Sunday, 03 October 10
INDONESIA WILL BECOME A NET IMPORTER OF ENERGY IN 2030 - BPPT
Jakarta Updates reported that,Indonesian Agency for the Assessment and Application of Technology (BPPT) predicted that the energy situation in Indon ...
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- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
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