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Friday, 21 February 14
INDONESIA PLAN TO CAP COAL OUTPUT AND HIKE ROYALTY; START MUSIC
 COALspot.com: Energy and Mineral Resources Ministy of Indonesia is planning to increase the royalty for coal miners particularly for Mining Business License ( IUP ) holders up to 13.5%. According to industry, the government is planning to introduce a new royalty for IUP holders which is around 7% higher than the current royalty rates that applicable for IUP OP operators.
Coal mines operating under Mining Business Licences (IUPs) are currently paying lesser royalty than miners operating under coal contracts of work (CCOW).
Mining Business License holder of coal miners are required pay only 3% for below 5100 kcal/kg coal and 5% for 5100 - 6100 kcal/kg coal. A 7% royalty is applicable for coal with calorific value higher than 6100 kcal/kg coal.
According to government's new royalty tariff plan, coal mines operating under Mining Business Licences (IUPs) also subject to higher royalty. the miners who produce coal with calorific value below 5100 kcal/kg coal to pay 10% royalty compared to current royalty of 3%. A 7% percent increase is proposed for coal with calorific value below 6100 kcal/kg. In the meantime, a 6.5% increase is proposed for the coal producers who produce bituminous type of coal or calorific value of coal is above 6100 kcal/kg.
Indonesian Coal Mining Association has objected the government plan as the current global coal prices are in lower side and the miners' also suffering lower margin due to lower coal prices versus higher production cost. According to media reports, association has submitted a proposal to the government HBA linked royalty hike for consideration.
The media reports further say, association appealed to the government not to introduce any royalty hikes at this moment or if the HBA is lesser than US$ 100 per mt.
Association wants the royalty hike linked to Indonesian Coal Price Reference (HBA) which is declared by Director General of Mineral and Coal of Indonesia on monthly basis. Indonesia's February HBA was sets at US$ 80.44 per MT a 1.78% lower than January 2014 HBA.
According to available information, Indonesian Coal Mining Association has proposed a royalty hike of 1.75% if HBA is between US$ 100 - 110 per mt. If the HBA is up or reached between US$ 111 - 120 per mt, then association proposal shows a hike of 3.50% and HBA reached above US$ 120, then association wish to accept royalty hike of US$ 5.5% for coal with calorific value up to 6100 kcal/kg coal.
If the calorific value of coal is higher than 6100 kcal/kg coal, association has proposed a hike of 2% if HBA between US$ 100 -110 per mt. A 4% hike was proposed if HBA is between US$111-120 pet mt. HBA increased over US$ 120 per mt the association proposal also increased to 5.5% hike from the current 7%.
In the meantime, as quoted by media, the government officials stated that, they have already submitted the their proposal to Indonesian coal mining association based on 13.5% for open cut mines and 9% for underground mines.
This royalty hike will be legalized by president degree which is expected soon.
The recently, the Indonesian Ministry of Energy and Mineral Resources announced its plans to cap Indonesia's total coal output at 397m metric tonnes in 2014 - 6% lower than the 421m tonnes produced in 2013.
According to Fitch Ratings, the credit profiles of mining sub-contractors and miners highly reliant on increasing volumes to support high debt servicing will be most affected if Indonesia strictly implements limits on thermal coal production.
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Monday, 10 March 14
THE FREIGHT MARKET WAS QUITE FIRM THIS PAST WEEK
COALspot.com: The freight market was quite firm this past week with BDI sharply increased by 22.65 pct week on week and closed at 1543 points, while ...
Saturday, 08 March 14
LETTERS OF INDEMNITY - SKULD
KNOWLEDGE TO ELEVATE
In today's trading market, owners are frequently requested to accept a letter of indemnity (LOI) in exchange for complying ...
Friday, 07 March 14
DRY BULK MARKET TO BENEFIT FROM CHINA'S GDP GROWTH TARGET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the dry bulk market freight rates finally making waves, China's aim of 7.5% GDP growth for 2014 mean once again positive news for the shipping ...
Friday, 07 March 14
RBCT, WORLD'S LARGEST COAL EXPORTING TERMINAL SHIPPED 1.78% LESS COAL MONTH ON MONTH
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest export coal terminal in the world, shipped 4.487 million tons of ...
Friday, 07 March 14
INDONESIA SHIPPED 7% LESS COAL IN JANUARY 2014 COMPARED TO ITS DECEMBER EXPORTS
COALspot.com: Indonesia, the world 4th largest coal producer and the Global largest multi grade coal exporter shipped around $1.8* billion ...
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Showing 3811 to 3815 news of total 6871 |
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- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- VISA Power Limited - India
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Economic Council, Georgia
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- The University of Queensland
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
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