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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, 24 February 15
IHS ENERGY COAL CONFERENCE OF THE AMERICAS
Attend the IHS Energy Coal Conference of the Americas 17-19 March in Cartagena, Colombia and learn about timely concerns in today's coal indust ...
Monday, 23 February 15
Q2' CFR SOUTH CHINA COAL SWAP FOR Q2 ROSE 3.39% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery rose US$ 1.90 (+3.39%) per MT month over month and declined US$ 0.08 ...
Monday, 23 February 15
Q2' API 5 FOB NEWCASTLE COAL SWAP CLOSED $1 HIGHER THAN Q3
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery rose US$ 3.12 per MT (+6.44%) month over month and fall US$ 0.43 (-0.83%) w ...
Sunday, 22 February 15
THE BALTIC DRY INDEX LOST ALMOST 3.2% OR 17 POINTS WEEK ON WEEK
COALspot.com: The Baltic Dry Index, one of the economic indicators that monitors the health of the world's economy by tracking the price of shi ...
Friday, 20 February 15
GOVT SET TO INCREASE COAL OUTPUT TARGET THIS YEAR - JAKARTA POST
The Energy and Mineral Resources Ministry is planning to increase its coal output target this year as the government seeks to offset the ongoing de ...
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- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
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- Sical Logistics Limited - India
- Marubeni Corporation - India
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- GMR Energy Limited - India
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- Leighton Contractors Pty Ltd - Australia
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- Ministry of Transport, Egypt
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- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
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- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Sojitz Corporation - Japan
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- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
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- Planning Commission, India
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- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
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- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
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- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
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- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
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- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
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- Price Waterhouse Coopers - Russia
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- Globalindo Alam Lestari - Indonesia
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- Singapore Mercantile Exchange
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- AsiaOL BioFuels Corp., Philippines
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- Coal and Oil Company - UAE
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- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- White Energy Company Limited
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
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- Mercator Lines Limited - India
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
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