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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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Wednesday, 18 March 15
Q2 INDONESIAN COAL SWAP DROP 1.45% M-O-M; GAIN 0.63% W-O-W
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 drop month on month and gained week over week.
The Q2 swap fell US$ 0.70 (1.45%) ...
Tuesday, 17 March 15
GAS TO CHALLENGE COAL IN THE ASIAN POWER GENERATION MIX - WOOD MACKENZIE
KNOWLEDGE TO ELEVATE
Wood Mackenzie says that coal is facing increasing competition from gas in the power sector. Coal has dominated as the fu ...
Tuesday, 17 March 15
RIO TINTO PAID US$ 7.1 BILLION IN TAXES IN 2014
COALspot.com: Rio Tinto has published its latest Taxes paid report, detailing the US$7.1 billion in taxes paid by the company around the world in 2 ...
Tuesday, 17 March 15
NEARLY 17% OF US COAL PRODUCTION UNECONOMIC AT CURRENT MARKET PRICING - WOOD MACKENZIE
COALspot.com: Close to 17% of forecast 2015 US coal production is at risk of idling or closure, totalling 162 million short tons (Mst), as these mi ...
Tuesday, 17 March 15
Q3' SA COAL SWAP CLOSED $57.30 PMT W/E 13 MARCH
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month and gained week on week.
The Q2 swap has fe ...
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- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
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