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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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Thursday, 05 March 15
INDIA WILL BE THE LARGEST DRIVER OF GLOBAL SEABORNE COKING COAL DEMAND GROWTH IN 2015 - WOOD MACKENZIE
Global demand growth will remain weak because of China’s negative demand growth.
COALspot.com: At Coaltrans India, Wood Mackenzie says I ...
Thursday, 05 March 15
BUKIT ASAM BOOKED US$ 1 BILLION REVENUE IN 2014
COALspot.com: Indonesian publicly listed and state owned coal miner PT. Bukit Asam, has announced that, the revenue of the company for the period J ...
Wednesday, 04 March 15
AN AGENDA FOR CHANGE - FITCH INDONESIA CONFERENCE
Fitch Indonesia Conference - 5 March 2015
Fitch Ratings will host its annual Indonesia conference on 5 March 2015.
The theme of this year ...
Wednesday, 04 March 15
KEEP CALM AND INVEST IN DRY - THEODORE NTALAKOS
Keep Calm and Carry On was originally a motivational poster, intended to raise the morale of the British public, produced by the British government ...
Tuesday, 03 March 15
INDONESIAN COAL EXPORT VOLUME TO DECLINE 50% BY 2019
COALspot.com: The Indonesian government is planning to reduce coal export volume by 50% within the next five years while keeping its coal productio ...
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- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- GMR Energy Limited - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- White Energy Company Limited
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- The University of Queensland
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Australian Coal Association
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
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