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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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Thursday, 27 February 14
SHIPPING LOANS WORTH $5 BILLION HAVE CHANGED HANDS OVER THE PAST YEAR, AS FUNDS INVEST IN SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Funds investing in shipping has been the "talk of the town" over the past couple of years, as institutional investors, private equity and ...
Thursday, 27 February 14
NEWCASTLE COAL EXPORTS SLIP 26.68 PERCENT WEEK ON WEEK
COALspot.com: In the week ended 24 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2. ...
Wednesday, 26 February 14
SMALLER SIZE SEGMENTS HOLDING ON TO THEIR LEVELS; CAPES CORRECTING UPWARDS - INTERMODAL
Chartering (Wet: Stable- / Dry: Stable+)
The Dry Bulk market continued to improve this past week, on the back of rates for the smaller size s ...
Tuesday, 25 February 14
GBCE, A COAL UPGRADING TECHNOLOGY DEVELOPER, APPOINTS RICHARD BULMAN AS PROJECT DIRECTOR
Press Release: GB Clean Energy Ltd. (GBCE) announced today the appointment of Richard Bulman as Project Director. In this capacity Mr. Bulman ...
Tuesday, 25 February 14
ULTRAMAXES ARE THE 'WEAPON OF CHOICE' FOR DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It's been a busy start in 2014, as the first month of the year was a rather active in terms of second hand vessel purchases and newbuilding orderin ...
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- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Planning Commission, India
- Edison Trading Spa - Italy
- The University of Queensland
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Minerals Council of Australia
- GMR Energy Limited - India
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
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