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Friday, 24 July 09
INDONESIAN COAL NEWS - UPDATE
 Income from tax slow
Since the economic crisis in October 2008 until now, tax from the general mining sector is slow. According to the Director General of Taxes, Darmin Nasution, in a press conference, there is no income tax received from the general mining sector as they keep on incurring losses. 31.3% OF TARGET In the period January-June 2009, coal production reached 72 million tons (31.3%) of the 230 million tons national target for this year. The Director General of Mineral, Coal and Geothermal, Bambang Setiawan, said 62 million tons come from Coal Contract of Work (CCoW) holders and 10 million tons from Mining Authorization (KP) holders.
75 million tons in a half year
The Director General of Mineral, Coal and Geothermal, Bambang Setiawan, cited the realization of coal sales in the first half of 2009 reached 75 million tons. Of this amount, 52 million tons were exported and 23 million tons for domestic consumption.
Mining PNBP Rp 7.2 trillion Information from the Director General of Mineral, Coal and Geothermal is that Non-Tax State Revenue (PNBP) from mining up to 30 June was Rp7.2 trillion. Rp43.7 billion is derived from dead rent, Rp4.88 trillion from royalty and Rp2.3 trillion from coal sales.
Not to participate in tender
The President Director of PT Tambang Batubara Bukit Asam, Sukrisno, said the company will not participate in the tender for procuring 3.26 million tons of low rank coal opened by PLN (Persero) under a 20-year contract due to limited transportation.
This year, PT Garda Tujuh Buana Tbk projected a production of 900,000 MT of coal, a jump compared to that in 2008 at 30,000 MT. The company is to export the entire production i.a. to Dynet International in Singapore. “Actually, their demand is 1.2 million tons,” said Business Development Director Socrates Rudi Sirait.
State Enterprise Holding Company not yet clear
The Secretary to the Minister of State Enterprises, Said Didu, predicts that the setting up of a holding company of state enterprises will not have been realized in October 2009, due to constraints of inter department coordination. The forming of a holding company is the mandate of Presidential Instruction No.5/2008 and should have been effective this year. The Presidential Instruction regulates rightsizing and restructuring of state enterprises.
Production up to 70 million tons
PT. Kaltim Prima Coal targets its coal production at 43 million tons this year and throughout 2012-2013 to rise to 70 million tons. According to KPC CEO Endang Ruchyat, the rise in production will be followed by the construction of a 2x100 MW power plant.
Awaits BHP Internal Evaluation
At the moment BHP Billiton is finalizing its internal evaluation on the option of releasing its ownership of the Maruwai coal project in Murung Raya regency, Central Kalimantan. “We are waiting for BHP to open an official tender on the sale of said asset,” said Bumi Resources Tbk spokesperson Dileep Srivastava.
Coal supply secured by PLN
Primary Energy Unit Head Nasri Sebayang is optimistic that coal supply for the 10,000 MW power plants phase I will not be short. A stock of some 5 million tons per year is being readied by a number of supplying companies.
Optimistic Target will be reached
Although until last May production was only 4.58 million tons or 36% of the annual target, the President Director of PT Tambang Batubara Bukit Asam, Sukrisno, is optimistic this year’s target of 12.7 million tons could be reached. “We shall try hard to produce 1.15 million tons per month” he said.
Royalty Remittance to Increase
The government is to optimize state revenue from the mining sector by raising the remittance of royalty from mining companies operating in Indonesia. Special Staff Member of the EMR Minister, Simon F. Sembiring, said the plan is still in the negotiation stage.
Pawning IUP prohibited
The Director of Mineral and Coal Business Development, Bambang Gatot Ariyono, asserted that mining companies are prohibited to pawn company shares or Mining Business License (IUP) to obtain funding loans. Such pawning is against Law No.4/2009 regarding Mineral and Coal Mining.
Source: Coalindo Energy
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Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
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- The Treasury - Australian Government
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- PTC India Limited - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
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