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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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Friday, 15 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
ENERGY and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
Thursday, 14 May 09
INDONESIA 2009 COAL OUTPUT REVISED DOWN - REUTERS
* Indonesia coal output seen at 240 million tonnes in 2009
* Coal exports down 11.2 pct to 44.79 mln tonnes in Q1 2009
* Production down 1.4 pct t ...
Thursday, 14 May 09
PAKISTAN WILL IMPORT 3.2 MILLION TON OF COAL IN 2009 - SEATRADE
COALspot.com (Pakistan) - SEATRADE Group of pakistan a single largest imported coal supplier in Pakistan, forecasting Pakistan steam coal imports wi ...
Wednesday, 13 May 09
ADARO, ITM EXPECT COAL GROWTH IN 2009
Adaro, which has a market capitalization of $3.64 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and ...
Wednesday, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a ...
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- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Minerals Council of Australia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- ASAPP Information Group - India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- PTC India Limited - India
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