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Wednesday, 25 February 09
INDONESIAN GOVERNMENT TO REGULATE MINIMUM COAL SELLING PRICES
The Jakarta Post reported that, To complement the recent enactment of the new mining law, the government is preparing to introduce a coal pricing index which will set the minimum selling prices required for producers.
Energy and Mineral Resources Minister Purnomo Yusgiantoro said Tuesday that a government team was working out how to formulate the index which will be used as the coal prices benchmark.
"With this index, we can see from year to year the optimal revenue for the government based on the coal volume we produce," said Purnomo, when he opened the 3rd Australian Mining Exhibition and Conference (OZMINE 2009).
More than eighty Australian mining companies participated in OZMINE lasting until Wednesday.
Purnomo said the government regulations on the coal pricing index will be part of the derivative regulations under the Law No. 4/2009 on coal and mining.
He added the index will refer to several existing coal price indexes, including Argus's Indonesian Coal Index (ICI), Barlow Jonker's index and the Global index.
Bambang Setiawan, director general of coal, mineral, and geothermal at the ministry, said the index will be launched monthly and will be based on the lowest coal selling prices.
"Coal producers cannot sell lower than the index.
"That would be good if they could sell higher than the index," said Bambang, adding that coal selling prices were likely to vary depending on the calorific values of coal and the concession location.
Bambang said the index was made to help secure the anount of state revenue from coal.
"The index will avoid the transfer pricing practice," Bambang said.
In an earlier seminar in November last year, Bambang said the government would impose sanctions on coal producers whose coal price not in accordance with the index.
Bambang said that coal pricing actually had been regulated for producers holding the so-called first-generation contracts of work, locally known by the acronym PKP2B, which contributed more than 80 percent to Indonesia's total coal production.
But, a similar regulation had yet to be applied to the mining contract (KP), which was issued by regional governments.
"We have no problem with the PKP2B, because they always consult us about selling prices before they sell their coal. The main problem is with KP," Bambang said.
He added the government regulation about the coal pricing index was expected to be completed in October and will come into effect immediately.
The regulation will complete the mining law's derivative regulations which will include the domestic market obligation for coal and mineral producers.
Purnomo said these regulations would be the key points to attract investors.
"Most of the time, investors are more interested in knowing the derivative regulations as they elaborate the operational details," Purnomo said.
The long-debated mining law was passed by the House of Representatives in December last year.
Now the government is formulating four implementing regulations to put the law into effect.
Sources: The Jakarta Post.
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Monday, 16 March 09
ADARO TO BOLSTER SUPPLY CHAIN THROUGH ACQUISITIONS - THE JAKARTA POST
PT Adaro Energy Tbk, Indonesia's second-largest coal producer, plans to acquire a coal barging and transshipment company to improve its supply chai ...
Monday, 16 March 09
COAL MINER BUKIT ASAM RECORDS 135% GAIN IN NET PROFIT FOR 2008 - THE JAKARTA GLOBE
Indonesia's state-owned coal miner PT Tambang Batubara Bukit Asam Tbk said its net profit jumped 135 percent last year, having sold more coal at hi ...
Saturday, 14 March 09
NATIONAL ALUMINIUM TO IMPORT COAL NEXT MONTH TO EASE SHORTAGE - BLOOMBERG
Bloomberg reported that, National Aluminium Co., India’s biggest alumina maker, plans to import as much as 150,000 metric tons of coal next mo ...
Friday, 13 March 09
VIETNAM APPROVES TWO COAL-FIRED POWER PLANTS TO MEET DEMAND -THANHNIENNEWS
Thanhnien News reported that, The government has approved a proposal to build two 2,400-megawatt coal-fired power plants in the provinces of Nam Din ...
Friday, 13 March 09
INDONESIAN STATE-RUN COMPANIES PROFIT MAY FALL 10% THIS YEAR -THANHNIENNEWS
Tanhnien news reported that, Indonesian state-run companies’ profits may fall about 10 percent this year as commodity prices decline, cutting ...
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- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Australian Coal Association
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Planning Commission, India
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
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