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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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Monday, 23 March 15
CFR SOUTH CHINA COAL SWAP: Q3 DELIVERY HAS FALLEN 7.93% MONTH-ON-MONTH
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 4.09 (-7.06%) per MT month over month and US$ 2.00 (-3 ...
Monday, 23 March 15
SEABORNE WORLD COAL TRADE: GROWTH +5% - GERMAN COAL IMPORTER ASSOCIATION
Hard Coal Market 2014: Despite The Energy Turnaround, Hard Coal Imports To Germany Rise By More Than 6%, Although Hard Coal-Fired Power Generation ...
Sunday, 22 March 15
DRY BULK RATES CONTINUED TO RISE THIS WEEK
COALspot.com: The freight market was steady this week as all the segments increased after many weeks of weak trend.
The Baltic Dry Index (BDI) ...
Friday, 20 March 15
HARD COAL MARKET 2014: DESPITE THE ENERGY TURNAROUND, HARD COAL IMPORTS TO GERMANY RISE BY MORE THAN 6% (PART 1)
Hard Coal Market 2014: Despite The Energy Turnaround, Hard Coal Imports To Germany Rise By More Than 6%, Although Hard Coal-Fired Power Generation ...
Friday, 20 March 15
U.S. WEEKLY COAL PRODUCTION SHOWS 5.9% INCREASE WEEK OVER WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.5 million short tons (mmst) of coal ...
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- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Australian Coal Association
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- PTC India Limited - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Minerals Council of Australia
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
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