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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 $135 a ton, but it has fallen in each of the past three years.
The total amount of coal production in the first quarter this year came from mining companies that hold coal mining licenses [PKP2B] and permits [IUP], said Edi Prasodjo, the coal business director at the Energy Ministry.
“PKP2B [holders] contribute some 75 million tons, and the rest is from IUP [holders],” Edi said.
Additionally, Sukhyar said that the plan to raise the royalty fee on coal to 13.5 percent for coal mining permit holders was still under discussion. The increase will be included in the revised version of the 2012 government regulation related to non-tax state income. Some small coal miners pay as little as 3 percent in royalties.
“We are still discussing it with the APBI. [The royalty increase] should be handled prudently, because the price is dropping. Don’t let the implementation shut down production,” Sukhyar said.
Source: Investor Daily / The Jakarta Post
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Monday, 10 February 14
SUPRAMAX STILL AT AROUND US$ 5K + BB 50K DELIVERY KALIMANTAN FOR A TRIP TO INDIA - CAPT. REDDY
COALspot.com: The BDI was down by 1.71 pct and closed at 1091 points week ended 7 February 2014. The BDI seemed to reach the bottom as the cape inde ...
Saturday, 08 February 14
U.S PRODUCED 84.5 MMMST OF COAL IN JANUARY; 2.05% UP MONTH ON MONTH, EIA SAYS
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...
Friday, 07 February 14
DRY BULK MARKET ON ' REVERSE' MODE DUE TO CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept its uninspiring mood throughout yet another week, with the Baltic Dry Index (BDI) hovering slightly above the 1,000-poi ...
Thursday, 06 February 14
INDONESIA'S BAN ON THE EXPORT OF RAW MINERAL ORES COMES INTO FORCE - INCE & CO
COALspot.com: On 12 January 2014, the ban on the export of unprocessed mineral ores came into effect in Indonesia. This ban enforces the Mining Law ...
Thursday, 06 February 14
THE WORLD LARGEST COAL EXPORTER SHIPPED AROUND 35.90 MMT OF COAL IN DECEMBER 2013
COALspot.com: Indonesia, the world 4th largest coal producer and the Global largest multi grade coal exporter shipped around $2* billion worth ...
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- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
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- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
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- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
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- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
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- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Planning Commission, India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
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- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
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- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
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- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Australian Coal Association
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
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- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- The University of Queensland
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- White Energy Company Limited
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
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- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
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