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Monday, 14 April 14
INDONESIA'S Q1 COAL PRODUCTION LITTLE CHANGED EVEN WITH PRICE DROP - INVESTOR DAILY
Indonesia’s coal production by volume in the first quarter remained little changed from the same period last year despite the decline in the coal price, according to the Energy and Mineral Resources Ministry.
“Coal production as of April 10 stood at 110 million [metric] tons. That is already a quarter of our target this year, which is 421 million tons,” said R. Sukhyar, the ministry’s director general of coal and mineral resources, over the weekend.
Coal exports accounted for 74 percent, or 81 million tons, of total coal production, while domestic demand made up the remaining 26.4 percent.
By the end of March of last year, coal production was 105 million tons.
Sukhyar said that the low coal commodity price has hurt production at mining companies.
“Production cost could reach above $25 per ton. If the coal selling price is $19 per ton, then businessmen will have difficulties in producing coal,” he said.
Mining companies, though, would have to be efficient in response to the drop in coal price, said Supriatna Suhala, the executive director at the Indonesian Coal Mining Association (APBI).
“To cover the loss, businessmen will increase production in general,” he said, adding that businessmen would also have to make cuts in expenditure.
In April, coal was selling at about $74 per ton, while the lowest coal selling price was $19 per ton.
The benchmark coal index in Newcastle had dropped 15 percent to $74.55 per ton in the first quarter. Coal peaked in early 2011 at more than $135 a ton, but it has fallen in each of the past three years.
The total amount of coal production in the first quarter this year came from mining companies that hold coal mining licenses [PKP2B] and permits [IUP], said Edi Prasodjo, the coal business director at the Energy Ministry.
“PKP2B [holders] contribute some 75 million tons, and the rest is from IUP [holders],” Edi said.
Additionally, Sukhyar said that the plan to raise the royalty fee on coal to 13.5 percent for coal mining permit holders was still under discussion. The increase will be included in the revised version of the 2012 government regulation related to non-tax state income. Some small coal miners pay as little as 3 percent in royalties.
“We are still discussing it with the APBI. [The royalty increase] should be handled prudently, because the price is dropping. Don’t let the implementation shut down production,” Sukhyar said.
Source: Investor Daily / The Jakarta Post
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Wednesday, 02 April 14
BPI BREAKING BELOW THE 1,000 PSYCHOLOGICAL LEVELS - INTERMODAL
Any resistance put forth by the Dry Bulk market the week prior was succumbed this time round. All indices slid and losses were noted across the ...
Tuesday, 01 April 14
NEWCASTLE PORT SHIPPED 11.95 MILLION TONS OF COAL IN MARCH 2014
COALspot.com: In the week ended 31 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2 ...
Monday, 31 March 14
SHIPPING CONFIDENCE HITS HIGHEST LEVEL SINCE 2008 - MOORE STEPHENS
Overall confidence levels in the shipping industry rose to their highest level for almost six years in the three-month period to February 2014, ...
Monday, 31 March 14
COAL SWAP FOR Q1 2015 DELIVERY HAS CLOSED 4.76% HIGHER COMPARED Q2 14 CLOSING
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 gained this pa ...
Monday, 31 March 14
CFR SOUTH CHINA COAL SWAP FOR Q2 14 DELIVERY LOST 1.17% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.17 percent month on month and closed at US$ 75.38 per m ...
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- Mercator Lines Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
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- Agrawal Coal Company - India
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- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
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- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
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- Sojitz Corporation - Japan
- Sical Logistics Limited - India
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- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
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- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Global Business Power Corporation, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Planning Commission, India
- Marubeni Corporation - India
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
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- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
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- Bukit Asam (Persero) Tbk - Indonesia
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- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
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- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
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- Intertek Mineral Services - Indonesia
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- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Makarim & Taira - Indonesia
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- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
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- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
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