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Thursday, 08 January 15
INDONESIA PRESSES ON WITH HIGHER COAL ROYALTY FEE TO BOOST STATE REVENUE - JG
 The Indonesian government is pressing on with its plan to raise the royalty charged to coal miners in order to increase state revenue, but the move may cripple an industry that is battling with declining coal prices and weak global demand, the Jakarta Globe reported.
The paper said, the coal royalty fee will rise to 7 percent of total sales for coal with calorific content of less than 5,100 kilocalories per kilogram, from 3 percent, said R. Sukhyar, director general of coal and mineral at the Energy and Mineral Resources Ministry, on Tuesday.
Coal with calorific content of between 5,100 kcal/kg and 6,100 kcal/kg will see a 9 percent royalty fee, up from 5 percent now. Coal with more than 6,100 kcal/kg calorific content, will be charged with a 13.5 percent royalty fee, up from 7 percent. Sukhar did not provide the timeline for the increase.
“We are taking this step to boost revenue from the mining sector,” Sukyar said, pointing out that the government missed its revenue target of Rp 39 trillion (approximately US$ 3,079,383,182) in royalty fees last year by 13 percent, or Rp 5 trillion (approximately US$ 394,887,003), as quoted by JG.
This year the government is targeting Rp 40 trillion (approximately US$ 3,159,096,024) from royalties.
The government has been planning to increase the royalty fee since 2013, but miners objected to the plan, citing declining global coal prices that were undermining finances. Coal prices have fallen by about half in the past four years, amid declining demand from countries such as China. Consequently, some Indonesian coal-mining companies have been forced to reduce their workforce, the paper further said.
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Saturday, 28 March 15
THE DRY BULK FLEET AT BREAKING POINT - CLARKSONS
The severe oversupply in the bulkcarrier fleet has contributed to the current trough in the dry bulk market, putting considerable financial pressur ...
Friday, 27 March 15
INDONESIA: NEW REGULATION REQUIRES LETTER OF CREDIT FOR EXPORT OF PRODUCTS FROM NATURAL RESOURCES
The Minister of Trade issued Ministerial Regulation No. 04/M-DAG/PER/1/2015 (“Regulation No. 4/2015”) on 5 January 2015. Regulati ...
Friday, 27 March 15
WEEKLY U.S COAL OUTPUT FALLS 1.7% W-W; 7.9% Y-Y
COALspot.com – United States the world's one of the largest coal producers, produced approximately totaled an estimated 18.2 million ...
Thursday, 26 March 15
CHINA IRON ORE IMPORT FOR THE FIRST 2 MONTHS DECLINED BY 1.2 % Y-O-Y; PANAMAX AUSSIE/CHINA ROUNDS BEING FIXED IN THE $4 -5K RANGE - FEARNLEYS
Handy
There has been more activity in both hemispheres this week. Especially the USG market has picked up with more cargoes for prompter dates en ...
Thursday, 26 March 15
RATES FOR THE SMALLER SIZE SEGMENT CONTINUED TO IMPROVE LAST WEEK - INTERMODAL
To see green across the board is a rare occurrence in the Dry Bulk market nowadays and while the upside in which last week closed off is not of the ...
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- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Indian Energy Exchange, India
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- The University of Queensland
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
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