We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply ga ...
Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry th ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
|
|
|
Showing 6696 to 6700 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- White Energy Company Limited
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
|
| |
| |
|
