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Sunday, 28 September 14
BERAU AGREES DEAL WITH GOVT, MINING AREA REDUCED - THE JAKARTA POST
 Coal miner PT Berau Coal, a subsidiary of Jakarta-listed PT Berau Coal Energy (BRAU), has signed a memorandum of understanding (MoU) with the government regarding detailed talks on the company’s coal-mining contract of work (CCoW) on Friday morning, as part of a series of contract renegotiations between the ministry and miners to comply with the 2009 Mining Law, as reported by The Jakarta post yesterday.
The Energy and Mineral Resources Ministry’s director for coal, Bambang Tjahjono, said his office and Berau Coal signed the MoU on Friday morning and under the MoU, Berau Coal has agreed on principal to adjustments to a number of aspects of its CCoW, including the size of its mining area and a royalty payment to the government of 13.5 percent, the paper further said.
“We will now move forward to draft the contract amendment, in which we will adjust several issues until the company’s contract of work expires, after the expiry date, all matters will be based on the prevailing law.” Bambang said, as quoted by paper.
Berau Coal has also in principal agreed to reduce its mining area by 10,391 hectares, the reduction means the company will only manage 108,009 ha until its CCoW expires in 2025, from its previous 118,400 ha., according to Bambang.
Under the Mining Law, coal-mining concessions are limited to 15,000 ha. “After the contract expires, all will be according to the law; even more sites will be released,” Bambang said, according to paper.
According to paper, Neither Berau Coal president director Amir Sambodo nor general manager for corporate communication Singgih Widagdo replied to text and phone calls from The Jakarta Post seeking confirmation.
The government has been struggling to renegotiate numerous coal and mineral contracts of work (CoWs) to comply with the law, the renegotiations are focused on six issues, adjustments in income to the state; adjustments to the size of mining areas; obligations of divestment; obligations for domestic processing; continuity of operations; and obligations to use local goods and services, the paper said.
Seventy-three CCoWs and 34 mineral non-coal CoWs need to be renegotiated. Berau Coal’s MoU signing follows previous deals between the government and other big coal players, including PT Kaltim Prima Coal (KPC), PT Arutmin Indonesia and PT Adaro Indonesia.
Under its MoU with the government, KPC agrees to reduce its mining size to 84,938 ha from its current 90,938 ha. Arutmin’s mining area will be cut to 55,573 ha from 58,898 ha. Meanwhile, Adaro has agreed to release around 6,000 ha of its 34,940 ha.
The paper further said, the signing of the MoUs also means that the companies have in principal agreed to see their CoWs, which vary from one company to another, changed into coal-mining permits, which apply in general according to the law, in return for extensions to their operations.
“However, a decision on extension — if any — will be determined by the new government, and it will consider the company’s performance in good mining practices and the fulfillment of its obligations to the government,” Sukhyar said.
Companies are allowed to apply for operating extensions two years prior to their expiry date. The extension is limited to two extensions of 10 years.
Arutmin’s CCoW will expire in 2019 and that of its sister company KPC in 2021, while Adaro’s CCoW will last until 2022.
Source: The Jakarta Post
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Monday, 18 August 14
CFR SOUTH CHINA COAL SWAP PERFORMED WELL THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.45 (+0.66%) day on day and US$ 0.30 (+0.44%)&nbs ...
Saturday, 16 August 14
HIGH DEMAND OF IRON ORE SHIPMENTS PUSHED CAPE INDEX UPWARDS
COALspot.com: This week's freight market was buoyant with Cape and panamax index seeing a big jump pushing the BDI above 1,000 points week on c ...
Friday, 15 August 14
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
13-16 October 2014
Grand Hyatt Jakarta, Indonesia
Web Site
The country’s definitive ...
Thursday, 14 August 14
U.S. STEAM COAL IMPORTS REMAIN DOWN SHARPLY FROM HISTORIC HIGH IN 2007, SAYS EIA
COALspot.com: U.S. steam coal imports at power plants have fallen significantly from their peak level of more than 30 million tons in 2007 to less ...
Thursday, 14 August 14
INDIA'S PLAN TO START AN INFRASTRUCTURE BOOM AND TO INVEST US$ 1 TRILLION BY 2017 WILL SURELY AFFECT THE DRY BULK TRADE - FEARNLEYS
Handy
The Atlantic Supra market has continued its improving sentiment with rates climbing and TA´s are now up about US$ 900 w-o-w, said Fea ...
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- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Australian Coal Association
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
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