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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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Tuesday, 23 August 11
PENRHYN COAL USING EVERGREEN ENERGYS COAL UPGRADING PROCESS
Evergreen Energy Inc has announced the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy’s coal upgradi ...
Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge ...
Monday, 22 August 11
INDONESIA TO BAN BELOW 5700 KCAL/KG COAL FOR EXPORT
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners ...
Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY
COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s c ...
Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
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- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Banpu Public Company Limited - Thailand
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- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- The University of Queensland
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- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
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- Indian Oil Corporation Limited
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- Eastern Coal Council - USA
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- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
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- Agrawal Coal Company - India
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- Planning Commission, India
- Chamber of Mines of South Africa
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- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
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- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Thiess Contractors Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
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- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
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- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
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- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
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