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Tuesday, 23 August 11
ICMA CALLS GOVERNMENT TO REVIEW EXPORT BAN REGULATION
.jpg) COALspot.com - Chairman of the Indonesian Coal Mining Association (ICMA) Bob Kamandanu asks the government to review the regulation that being drafted to ban the export of coal with a quality below 5700 kcal/kg on air dried basis. If the coal producers do not increase the heating energy above 5700 kcal/kg, it will be banned for export market.
"Impact of the such policy may be substantial and negative, particularly for capital markets and the economy of Indonesia", said chairman of ICMA.
Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners to improve the value of their coal by upgrading to a minimum level of 5700 kcal/kg on adb basis, if the mine is producing the coal below 5700 GAD. According to the latest draft regulation, Indonesian coal producers must add value for their coal by processing their product to a higher-grade coal.
"We are very confident the government will not arbitrarily issue a regulation without a strong reason to ban the export of coal with calorific value below 5700 kcal/kg. We request the government for review. They should consider all perspectives from all the angles as the impact may shake up the Indonesian capital market and economy”, He said as contacted for comments by COALspot.com, today.
Association, Bob continued, invites the government to sit together to discuss the government plan on coal export ban. If the government wants to conserve, the better policy is focused on it. Similarly, if the aim is to increase the value added or increased government revenues.
Currently, the ICMA has asked Association of Indonesian Mining Experts (Perhapi) to conduct a thorough study both in terms of economic, social, and technology. The results of this study will be independent and study is expected to complete by end September 2011.
According to Chairman of ICMA, the government plans to ban the export of coal with calorific value below 5700 kcal / kg (adb) is too hasty. "If the ban, impact negatively on the economy, then who is responsible," asked Bob.
He believes that the government plans to ban below 5700 kcal/kg coal is limited to just an idea. Moreover, so far there is no coal upgrading technology is available, which is economically and commercially proven & viable.
However, if the regulation is implemented, then the impact will be tremendous, because there are 150 million tons of coal low calorific value coal that cannot be exported. Moreover, Indonesia's domestic market could absorb around 100 million of low calorific value coal in 25 years.
According to Bob, even though the government has revealed a variety of incentives, the association continued to see the policy will be hit by the absence of a commercially and technically proven technology for upgrading the coal. Moreover, the cost to buy such a technology is and is around US$ 250 million and the operational cost also around US$ 15 million. At such a high cost, Bob assess that , the government policy is to the advantage of the countries that developing or manufacturing such technologies.
Accordingly, he requested that the government must abolished it plan completely, or if they want to introduce, then the regulations can come on the effect when the commercially and technically proven technology identifies and implemented.
To contact the reporter responsible on this story: Efendi at efendi@coalspot.com
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Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...
Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/- 5 percent of non-coking imported coal with ...
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...
Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...
Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...
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- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- MS Steel International - UAE
- PTC India Limited - India
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
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