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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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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 ...
Friday, 21 February 14
THE WORLD'S SECOND LARGEST COAL MINER MINED 19.2 MMST OF COAL IN A WEEK, EIA SAYS
COALspot.com – United States the world’s second largest coal producer, mined approximately 19.2 million short tons (mmst) of coal in a w ...
Friday, 21 February 14
DRY BULK MARKET SHOWS SIGNS OF LIFE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has slowly started to emerge from the downfall it's been since the start of the year, as rates have began to pick up over the c ...
Friday, 21 February 14
INDONESIA COAL OUTPUT CAP TO HURT MINERS RELIANT ON VOLUME GROWTH, FITCH SAYS
Fitch Ratings says that the credit profiles of mining sub-contractors and miners highly reliant on increasing volumes to support high debt servicing w ...
Thursday, 20 February 14
LENGTHY DELAYS TO PANAMA CANAL EXPANSION POSE GLOBAL TRADE RISKS; US COAL PRODUCERS TO GREATLY BENEFIT ONCE COMPLETE, SAYS WOOD MACKENZIE
Wood Mackenzie expects the recent cost overrun disputes around the Panama Canal expansion to be resolved with limited disruption due to the signific ...
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- Coal and Oil Company - UAE
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- Independent Power Producers Association of India
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- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
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- Thiess Contractors Indonesia
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- Port Waratah Coal Services - Australia
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- The Treasury - Australian Government
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- Semirara Mining Corp, Philippines
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- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Minerals Council of Australia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
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- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
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- Indo Tambangraya Megah - Indonesia
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- Cement Manufacturers Association - India
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- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
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- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
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- Gujarat Electricity Regulatory Commission - India
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- Parliament of New Zealand
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- GAC Shipping (India) Pvt Ltd
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- Economic Council, Georgia
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- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
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- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
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