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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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Wednesday, 11 March 09
COAL EXPORTERS FEEL THE CHILL FROM ASIAN DOWNTURN -BUSINESS.SMH.COM
Business.smh.com reproted that, The demand for thermal coal - NSW's most valuable export - has begun to reduce dramatically in response to the need ...
Sunday, 08 March 09
AUSTRALIA'S FELIX STUDYING COAL ACQUISITIONS IN INDIA, INDONESIA
Bloomberg reported that, Felix Resources Ltd., an Australian supplier of coal to Korea and Japan, is studying acquisitions of energy coal assets in ...
Saturday, 07 March 09
THERMAL COAL PRICES MAY DROP, STANDARD CHARTERED SAYS
Bloomberg reported that, Coal prices may decline as a slump in demand for the fuel outpaces cuts in production, Standard Chartered Plc said.
Exp ...
Friday, 06 March 09
STRAITS ASIA EYES 3RD MINE
Straitstimes reported that, Mining company Straits Asia Resources is on an expansion trail to more than double its output by 2012.
Amid the econo ...
Friday, 06 March 09
INDONESIA MAY MISS 2009 COAL OUTPUT TARGET-OFFICIAL
Indonesia, the world's top thermal coal exporter, may fail to achieve its coal production target this year as the global economic crisis dents dema ...
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- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Planning Commission, India
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- MS Steel International - UAE
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
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