We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 04 March 09
COAL: GLOBAL DEMAND WEAKENS
The Jakarta Post reported that, While coal prices were stickier on the way down compared to other commodities like oil, the Newcastle price now sugg ...
Friday, 27 February 09
WIKA TO ACQUIRE MINING COMPANY
The Jakarta Post reported that, Public listed state construction firm PT Wijaya Karya (Wika) is to acquire a mining contracting firm in the first se ...
Friday, 27 February 09
COASTAL ENERGEN INKS PACT WITH CHINESE FIRM FOR POWER EQUIPMENT
My Digital Fc reported that, Dubai-based Coal and Oil Group, which is setting up a 1,200MW thermal power plant in Tamil Nadu, has tied-up with China ...
Thursday, 26 February 09
GMR INFRA COMPLETES INDONESIAN BUY
Blonnet reported that, GMR Infrastructure Ltd today confirmed the acquisition of an Indonesian coal mining company for a consideration of $80 millio ...
Thursday, 19 February 09
GEOTHERMAL ENERGY DOMINATES 10.000 MW POWER PROJECT - ESDM
The role of coal as a source of energy is superseded by geothermal energy to power the second phase of the 10.000 megawatt (MW) power plant project. ...
|
|
|
Showing 6861 to 6865 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Trasteel International SA, Italy
|
| |
| |
|