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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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Sunday, 02 March 14
THE FREIGHT MARKET WAS STEADY TO FIRM THIS PAST WEEK - CAPT. REDDY
COALspot.com: The freight market was steady to firm this past week. The BDI was up 7.06 pct and closed at 1258 points and the cape index was also fi ...
Friday, 28 February 14
PTBA TO INCREASE ITS COAL TERMINAL'S LOADING CAPACITY TO 25 MILLION TONS PER ANNUM BY JULY 2014
COALspot.com: PT. Bukit Asam (PTBA), the Indonesian government owned coal miner operates several coal mining units in Sumatera as well as in Kaliman ...
Friday, 28 February 14
U.S PRODUCED 1.9% LESS COAL WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...
Friday, 28 February 14
DRY BULK MARKET SLOWLY BUT STEADILY FINDS ITS FOOTING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, hit by the low seasonal demand which is a typical characteristic of the first quarter of each year, is beginning to emerge from ...
Thursday, 27 February 14
PANAMAX : MARKET CONTINUED TO DECLINE IN THE ATLANTIC
Handy
The Atlantic handy/supra market experienced a downward trend this week but not a dramatic one. TA rates are down around USD 800 w-o-w lead b ...
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Showing 3826 to 3830 news of total 6871 |
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- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
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