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Tuesday, 02 June 09
GOVT FINALIZING DMO MECHANISM, REFERENCE PRICE FOR COAL - THE JAKARTA POST
 Indonesia, the world's largest thermal coal exporter, is finalizing regulations on a reference price on coal, on a domestic market obligation (DMO) for mining firms and the establishment of an independent agency to manage it, says a minister.
The regulations should be ready to be implemented next year, Energy and Mineral Resources Minister Purnomo Yusgiantoro said on Monday during the Coaltrans Asia conference in Bali.
"As a follow up to the Law No. 4/2009 on mineral and coal mining, the government will produce a number of government regulations, which will among other things, cover the DMO policy. To implement the DMO policy, the government will appoint an agency to manage it," Purnomo said.
He said the agency might not be formed as a state owned agency; but he did not give further details on the setting up and tasks of such an agency.
The DMO policy, whose implementation has been delayed from its initial startup plan earlier this year, would require coal producers to allocate 35 to 40 percent of their coal production to the domestic market, in line with the local market's increasing demand for coal, in particular from power plants.
The policy would also result in the allocation of licenses for any coal mining firm doing business in Indonesia, replacing the old work contract-scheme, he added.
In relation to the upcoming new government regulations, he further said, the government would also publish the Indonesian Coal Reference Price (ICRP) as the basis to calculate state revenues from royalties.
"The ICRP would be formed based on a coal price index, which should be applied to all coal production," said Purnomo, adding that the price could also be taken into consideration by any two trading parties to renegotiate their contract.
"The coal price will be used to determine and optimize government revenue from coal production. In future, you can use this coal price as a reference value."
Bloomberg reported that the formula for the reference price will be determined based on a coal price index and will take into account the calorific value and moisture content of the product. Higher calorific values and lower moisture content may translate into improved prices.
Bloomberg calculates that the government earns 35 percent of its revenue from the oil, gas and minerals industry, and of that, 4 to 5 percentage points are from minerals.
According to an annual report by Indonesia Mining in 2008, listed coal companies generated a significant increase in profits.
The 2008's net profits in all listed coal companies in Indonesia reached around US$1.2 billion compared to $1 billion in the previous year.
Meanwhile for mineral companies, net profits declined to around $2.3 billion last year from $4.2 billion in 2007.
In the first quarter, Indonesia could not meet coal production targets due to problems, including heavy rain, an energy and mineral resources ministry director said.
Bambang Gatot Ariyono, director for coal and mineral development at the ministry, has said coal production in the first quarter of this year was only 30 million tons or lower than the initial target of 50 million.
The government however remains optimistic it will be able to produce the targeted 220 million tons by the end of the year.
Bambang Setiawan, the Ministry's director general for mineral resources, coal and geothermal affairs, said Indonesia's total coal production may exceed 300 million tons per year by 2025.
Source: http://www.thejakartapost.com/news/2009/06/02/govt-finalizing-dmo-mechanism-reference-price-coal.html
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Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
Saturday, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however t ...
Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...
Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...
Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...
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- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- VISA Power Limited - India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- White Energy Company Limited
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
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