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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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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 ...
Friday, 07 March 14
INDONESIA TO PRODUCE 421 MMT OF COAL IN 2014
Coalspot.com: Indonesia finally agreed to increased 2014 coal output by as much as 6 percent to 421 million metric tons from its previous plan, a se ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- PTC India Limited - India
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- The University of Queensland
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
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