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Friday, 14 September 12
GOVT OFFERS CONDITIONAL TAX HOLIDAY TO AILING COAL MINERS - JP
 The Jakarta Post, one of the leading English news paper in Indonesia reported that, acknowledging difficulties encountered by coal miners due to a prolonged drop in prices, Deputy Energy and Mineral Resources Minister Rudi Rubiandini promised on Thursday that the government would provide fiscal incentives to ease the mining companies’ financial problems.
The minister said that the continued fall in coal prices would severely hurt the country’s coal mining companies.
The paper further said, “the government is ready to help by giving tax holidays or with other fiscal measures. The coal mining association has come to us to talk about the issue and asked for help. But we decided that the government would only intervene if the price hit US$ 60,” he said.
As of late last month, Indonesia’s coal reference price (HBA) fell to $84.65 per ton, declining 3.4 percent from $87.56 in July and 25 percent from its high of $112.87 in March.
Meanwhile, analysts have forecast that the Indonesian coal mining sector would remain under pressure due to the economic slowdown still affecting the four biggest coal importers countries — China, Japan, South Korea and India — and flooding coal supplies from non-traditional seaborne exporters.
Separately, the Indonesian Coal Mining Association’s (APBI) Bob Kamandanu told The Jakarta Post on Thursday that he hailed the government’s idea to provide fiscal incentives but doubted it would keep the promise.
“That is a good idea [to issue a tax holiday]. That means the government cares. But we don’t know whether the idea will be realized or not,” he said.
“Nevertheless, I don’t believe that the price would drop down that far. I guess the price will stay around $90 per ton by the end of this year,” he said.
The Newcastle thermal coal price, the benchmark for seaborne coal prices in Asia, set the average coal price around $90 to $95 a ton in 2012.
As reported earlier, some of the country’s major coal producers have prepared themselves for the fallout.
PT Adaro Energy, the nation’s second-largest thermal coal producer, has revised its annual production target for 2012 to between 48 million and 50 million metric tons, down from 50 million to 53 million tons.
PT Berau Coal Energy, a subsidiary of London-listed Bumi Plc., said it would also lower its production forecast to 20 million and 22 million tons, down from 23 million tons.
Meanwhile, Reuters reported on Wednesday that prices for benchmark Japanese imports of coal for its steel and metal-making furnaces may drop by around 25 percent as the fuel nears the cheapest it has been for three years.
Japanese steel mills and Australian producers are likely to settle for $160–$170 a ton FOB Australia for the fourth quarter, a sharp drop from the previous quarter but still a premium of $10–$20 above spot prices, producers and traders said.
The Japanese-Australian quarterly price is still the most important benchmark against which other types and origins of metallurgical coal is sold and a key indicator of the market’s strength, despite the growing acceptance of recently introduced daily index prices.
Source: The Jakarta Post
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Monday, 10 September 12
DRY BULK MARKET SLOWLY BUT SURELY REACHING CRITICAL STATUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The radical consequences of the shifts in dry bulk demand and prices, especially for the most sought after commodity, concerning the industry, i.e. ...
Monday, 10 September 12
ORPHEUS ENERGY SECURES INDONESIAN COAL TRADING LICENSE
COALspot.com - Indonesian coal producer, Orpheus Energy (ASX:OEG) has announced today that the Indonesian Ministry of Energy and Mineral Resources h ...
Monday, 10 September 12
A SNAPSHOT ON THE ECONOMIC AND SHIPPING ENVIRONMENT - GOLDEN DESTINY / HELLENIC SHIPPING
The European Central Bank left its interest rate unchanged at 0.75% focusing on pushing down borrowing costs in troubled economies, Spain and Italy. ...
Sunday, 09 September 12
H213 SUB-BIT FOB INDONESIA COAL SWAPS ARE TRADING HIGHER
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost 0.14 percent W-O-W on 7 September 2012, Friday closing but gained ...
Saturday, 08 September 12
INDO INDIA ROUTE FREIGHT FOR SUPRAMAX REMAINS STRONG - CAPT. REDDY
COALspot.com - The freight market overall remained weak and except for cape index all other sectors were down. The biggest drop was in the Panamax s ...
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- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Planning Commission, India
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- PTC India Limited - India
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- White Energy Company Limited
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
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