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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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Wednesday, 03 June 09
KOSEP SEEKS UP TO 3 MLN TONNES OF COAL - REUTERS
Korea South-East Power Co Ltd (KOSEP) has issued four tenders seeking a total of 3 million tonnes of coal for delivery between 2009 to 2011, a tende ...
Wednesday, 03 June 09
POWER DEMAND TO BOOST INDIA COAL IMPORTS DURING MONSOON - STEELGURU
Reuters quoted Indian coal importers said that strong demand for power in India is likely to keep coal imports at the maximum level possible in the ...
Wednesday, 03 June 09
NAPOCOR EXTENDS COAL TENDER FOR SOLE BIDDER - ABS CBNNEWS
National Power Corp. (Napocor), the top Philippine electricity producer, has given the lone bidder at a tender for 195,000 tons of coal more time to ...
Wednesday, 03 June 09
NEWCASTLE COAL EXPORTS JUMP 20 PERCENT; SHIP QUEUE LENGTHENS - BLOOMBERG
Coal exports from Australia’s Newcastle, the world’s biggest export harbor for the fuel, jumped 20 percent last week while the number of ...
Wednesday, 03 June 09
IPL-2 OVER, INDIAN COAL LEAGUE BEGINS IN SOUTH AFRICA - ECONOMICTIME
Steel, cement and power companies, which have traditionally relied on cheap Indonesian coal to fuel their factories, are rushing to buy South Africa ...
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- Kobexindo Tractors - Indoneisa
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- Orica Australia Pty. Ltd.
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- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Eastern Energy - Thailand
- The University of Queensland
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
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