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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, 22 January 14
HANDY/SMAX: TALK OF RATES INDICATES A STEADY TO FIRMING TREND - INTERMODAL
Last week closed off on the red once more for the Dry Bulk market, which continues to see freight rates trying to get steady feet. Nonetheless, with ...
Wednesday, 22 January 14
EXPORT BAN ON UNPROCESSED MINERALS EFFECTIVE 12 JANUARY 2014 - THREE - YEAR REPRIEVE FOR SOME, BUT UNCERTAINTY REMAINS: PWC
COALspot.com: On 11 January 2014, only hours before a long-debated ban on the export of unprocessed minerals was to come into effect, the Government ...
Wednesday, 22 January 14
DRY SECTOR: SENTIMENT REMAINS STRONG - INTERMODAL
As we have now entered 2014 and the Chinese are soon entering their Year of the Horse (sit tight for the ride!), it is a great opportunity to see ho ...
Wednesday, 22 January 14
SGX SUCCESSFULLY LAUNCHED FREIGHT FUTURES
COALspot.com: Singapore exchanged announced that, SGX Freight Futures were successfully launched on 20 January 2014, and the first trade ...
Tuesday, 21 January 14
PORT OF NEWCASTLE SHIPPED SLIGHTLY MORE COAL WEEK ON WEEK
COALspot.com: In the week ended 20 January 14, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2. ...
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- Sarangani Energy Corporation, Philippines
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- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
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- Indian Oil Corporation Limited
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- Australian Coal Association
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- India Bulls Power Limited - India
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- Petron Corporation, Philippines
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- Sical Logistics Limited - India
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- Bukit Makmur.PT - Indonesia
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- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
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- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
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- Energy Link Ltd, New Zealand
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- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
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- Samtan Co., Ltd - South Korea
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- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
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- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
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- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
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- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
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- Medco Energi Mining Internasional
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
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- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
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- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
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- Bhushan Steel Limited - India
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- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Parliament of New Zealand
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- Kumho Petrochemical, South Korea
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- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
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- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
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- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
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- Minerals Council of Australia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Romanian Commodities Exchange
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- Planning Commission, India
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
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- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
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- Thiess Contractors Indonesia
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- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
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