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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$2.48 billion), which is Rp 2 trillion higher than the total income in 2013. This is despite lower coal prices and no exports of mineral ores,” Sukhyar said.
Under this year’s state budget, non-tax state income from the mineral and coal sector is targeted at Rp 39.67 trillion.
Source: The Jakarta Post
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Tuesday, 02 December 14
FOB RICHARDS BAY COAL SWAPS LOST MONTH OVER MONTH
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month, week on week and day over day.
The Q1 swap has lost U ...
Tuesday, 02 December 14
SUB-BIT FOB INDONESIA COAL Q1' 15 DELIVERY SWAP CLOSED AT US$ 49.50
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, week over week and day on day.
The Q1 swap has lost US$ 0.4 ...
Monday, 01 December 14
SGX'S FOB NEWCASTLE COAL SWAP FOR Q1' 2015 DELIVERY CLOSED AT US$ 52.50
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery closed at US$ 52.50 on 28 November after losing US$ 1.20 (-2.23%) month ove ...
Monday, 01 December 14
Q2' 15 DELIVERY CFR SOUTH CHINA COAL SWAP CLOSED 0.42% LOWER THAN Q1' 15 DELIVERY CLOSING
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 2.45 (-3.78%) month over month and US$ 0.67 (-1.06%) we ...
Sunday, 30 November 14
SUPRAMAX COAL FREIGHT RATES FROM INDONESIA TO INDIA : FIRM
COALspot.com: The BDI fell 171 points and closed at 1153 points on Friday 28 November 2014. The Cape index also lost 887 points and closed at 2151 ...
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- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
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