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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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Wednesday, 03 December 14
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The dry bulk market seems unable to turn sentiment round and is still looking for direction. The BCI's 887-point free fall last week had an obv ...
Wednesday, 03 December 14
CAPESIZE DRY BULK CARRIERS ENTER 2015 WITH MIXED FORTUNES, WITH A POSITIVE AND A NEGATIVE SCENARIO BOTH EMERGING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The future of the Capesize dry bulk market appears to be engulfed from mixed “feelings” among analysts and market participants, despite ...
Tuesday, 02 December 14
KEY PLAYERS SHED NEW PERSPECTIVES ON COAL MARKETS
Press Release: Singapore’s ONLY and longest established Coal Trade event. Whilst Coal prices remain challenging, there is widespread consensu ...
Tuesday, 02 December 14
KOMIPO INVITES BIDS FOR 585,000 METRIC TONS OF COAL FOR Q1'15
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids for the supply of 585,000 Metric Tons of coal. According to invitation, 5700 ...
Tuesday, 02 December 14
U.S WEEKLY COAL PRODUCTION FELL 1.4% WEEK ON WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.6 million short tons (mmst) o ...
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- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- VISA Power Limited - India
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Bhatia International Limited - India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Vizag Seaport Private Limited - India
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