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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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Tuesday, 10 March 15
OIL PRICE FORECASTING - IGNORE THE EXPERTS: COLIN MARSHALL
KNOWLEDGE TO ELEVATE
Experts put themselves on a pedestal, making claims to have special forecasting abilities for oil price trends. They, too ...
Tuesday, 10 March 15
FOB NEWCASTLE COAL SWAPS HEADING SOUTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 0.24 per MT (-0.47%) month over month and US$ 1.52 (-2.93%) we ...
Tuesday, 10 March 15
CFR SOUTH CHINA POWER-STATION COAL SWAPS DECLINE
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery fell US$ 0.42 (-0.74%) per MT month over month and declined US$ 1.00 &nbs ...
Monday, 09 March 15
INDONESIA GREETS INDIA RATE CUT AS GOOD FOR EXPORTS - GLOBEASIA
Indonesian commodity producers and economists have hailed the Indian central bank’s rate cut as good for boosting exports from Southeast Asia ...
Monday, 09 March 15
CHINA'S SUPREME COURT ISSUES NEW JUDICIAL INTERPRETATION ON SHIP ARREST AND JUDICIAL SALE OF SHIPS - GARD
KNOWLEDGE TO ELEVATE
China is not traditionally a popular jurisdiction for ship arrest. However, Members and clients with ships calling at por ...
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- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
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