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Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal Price Reference (ICPR) is aimed at securing continued domestic coal supply and optimization of state revenue. The DMO and ICPR programs is currently in the final stages of implementation.
“During the transition period, the government will implement and distribute average monthly coal prices as a reference for coal mining companies operating in Indonesia” explains the Director General of Mineral, Coal and Geothermal, Bambang Setiawan during the 15th Coaltrans Asia in Nusa Dua, Bali (1-3/6)
The implementation of DMO and ICPR refers to Presidential Decree No.5/2006 on National Energy Policies which states that by 2025, coal shall contribute to 35% towards the national energy mix. This is also regulated in Law No.3/2007 on Energy and Law No.4/2009 on Mineral and Coal Mining.
According to article 11 and 12 of the PKP2B contract, mining companies are able to export their products after fulfilling their domestic market coal obligation. Mining companies are also obligated to help support domestic coal supply. This program emphasizes the need to determine domestic coal demand and the Minimum Domestic Coal Supply Obligation Percentage (PMPBDN) for each company.
“DMO is divided proportionally between each coal mining companies through an agreed work and financial plan” explains the Director General of Mineral, Coal and Geothermal, Bambang Setiawan. The Director General further explains that the PMPBDN is regulated in the form of a ministerial decree. A ministerial decree on domestic coal demand is issued based on of coal demand calculation put forward by domestic coal consumers.
ICPR will be regulated based on the average of 4 price index, consisting of BJ and GC as an international coal price reference, and ICI and Platts as the Indonesian coal price reference. Coal price is then set according to this reference, where coal prices is then set towards Indonesian coal production, reflecting their quality an quantity.
Indonesia is one of the main producers of coal, exceeding 220 million metric tones in 2008 alone. Most of this production, or around 70% is then exported, with the remaining 30% allocated for domestic demands. Indonesia is currently preparing to implement several policies to ensure domestic coal supply due to increasing domestic demands.
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Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
Monday, 24 August 09
10 LAKH (1 MILLION) TONNE COAL BURNT IN KPT
Times of India reported that, In an unusual phenomenon, 10 lakh tonne coal cache stored at a plot in Kandla Port Trust was reduced to ashes after it ...
Monday, 24 August 09
LANCO IN TALKS FOR INDONESIAN COAL MINE
Economic Times of India reported that, Infrastructure company Lanco Infratech is in advanced talks with Indonesian engineering, procurement and cons ...
Saturday, 22 August 09
'THE BDI IS LIKELY TO BE HOLDING AROUND 2,500 POINTS' - SHIPPING UPDATE
COALspot.com (Singapore): The dry bulk market continued to be soft and the BDI dropped by 10 percent this week and closed at 24,68 points this week. ...
Saturday, 22 August 09
INDIAN COAL BUYERS RE-EMERGE WITH FRESH TENDERS
Reuters world's largest international multimedia news agency reported that,Indian coal end-users have re-emerged after a few weeks with several fre ...
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- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
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- Mercator Lines Limited - India
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- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
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- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
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- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
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- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- The University of Queensland
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- SMG Consultants - Indonesia
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- Larsen & Toubro Limited - India
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- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- SMC Global Power, Philippines
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- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
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- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Planning Commission, India
- Minerals Council of Australia
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- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Indika Energy - Indonesia
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
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- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
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- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Gujarat Electricity Regulatory Commission - India
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- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
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