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Monday, 08 December 14
GOVERMENT TO WITHDRAW CNC STATUS OVER SUSPECTED FLAWS - THE JAKARTA POST
 The Energy and Mineral Resources Ministry’s directorate general for mineral and coal plans to review the clean and clear (CnC) status held by mining firms to ensure that requirements have been fulfilled, the Jakarta Post reported.
The JP further reported that, under the CnC policy, the holders of mining permits (IUP) in the country are required to ensure that their activities are in line with the government’s environmental policies, free from overlapping land rights and comply with tax and non-tax financial obligations. There are currently 10,776 IUPs for mineral and coal mining in the country. However, only 5,969 IUPs have been granted CnC status.
The mineral and coal directorate general secretary, Paul Lubis, said the office had found that numerous IUPs should not have been be granted CnC status.
“We admit that previous evaluations were not as detailed as now. We will improve and revoke the CnC status of the IUPS that have not fulfilled the necessary requirements,” Paul said on Friday, as quoated by JP.
He added that unresolved concession overlapping and the failure to meet several permits were grounds for the revocation of CnC status.
“For companies already holding an export recommendation, the revocation of CnC status will also impact the recommendation,” Paul said. A CnC status is also required if a company wants to obtain an export permit for their mineral products or coal.
The JP furhter said, the government implemented a ban on the export of mineral ore on Jan. 12 as part of the implementation of the 2009 Mining Law, which regulates obligations for domestic mineral processing and refining. Companies are only allowed to export semi-finished mineral products if they passed the minimum purification letter, already obtained CnC status and committed to building smelters.
As of October, the government also requires coal miners to obtain an export license before selling products overseas. The move is aimed at preventing excessive coal exploitation as well as establishing better coal-trade reporting.
National coal production hit 346 million tons during the January to October period, according to the director for coal, Bambang Tjahjono. Out of the amount, only as much as 82 million tons were sold to the domestic market while the remaining 264 million tons were sent abroad.
The government is trying to cap coal production at a maximum 421 million tons this year to ensure the country will still have enough resources for local power plants in the future.
Paul also said that the thorough assessment of CnC status would also be carried out because the mineral and coal office suspected attempts to seek loopholes to secure the status at the local-administration level.
‘This is likely due to the transfer of authority from a regency administration to provincial administration. We will be careful and perform joint monitoring with the KPK [Corruption Eradication Commission],” Paul said.
Under the new Provincial Administration Law, regency and municipal administrations will no longer have the authority to issue mining permits following allegations that high-ranking officials in local administrations often issued permits to certain firms for personal gain.
Following the implementation of the law, the control of the mineral and coal business will be in the hands of the central and provincial governments.
The CnC policy, which also requires the settlement of financial obligations, has contributed to higher payments to the state, according to director general for mineral and coal R. Sukhyar.
“As of Nov. 28 , payment from the sector has reached Rp 30.5 trillion (US$2.48 billion), which is Rp 2 trillion higher than the total income in 2013. This is despite lower coal prices and no exports of mineral ores,” Sukhyar said.
Under this year’s state budget, non-tax state income from the mineral and coal sector is targeted at Rp 39.67 trillion.
Source: The Jakarta Post
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Tuesday, 09 December 14
API 8 CFR SOUTH CHINA COAL SWAPS FELL 1.8% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 1.84 (-2.91%) month over month and US$ 0.95 (-1.52%) we ...
Monday, 08 December 14
FOB NEWCASTLE COAL SWAPS SLIP W-O-W AND M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery closed at US$ 52.10 on 5 December after losing US$ 0.55 (-1.04%) month over ...
Sunday, 07 December 14
SUPRAMAX S8 ROUTE SLIGHTLY INCREASED WEEK ON WEEK
COALspot.com: The BDI continued its fall as cape index fell heavily week on week.
The BDI lost around14.83 pct within last five working day an ...
Saturday, 06 December 14
TANKER FLOATING STORAGE PLAYS COULD COME INTO PLAY IF VLCC RATES STAY AT CURRENT LEVEL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Contango: A phenomenon in commodities futures price curves where the delivery price of a futures contract is greater than the current price. With t ...
Saturday, 06 December 14
MUNDRA PORT MAKES HISTORY BY HANDLING THE LARGEST BULK CARRIER TO CALL ON WEST COAST OF INDIA
COALspot.com: Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, yesterday said its Mundra Port successf ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- The University of Queensland
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
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