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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, 05 January 15
FIVE ENERGY SURPRISES FOR 2015: THE POSSIBLE AND THE IMPROBABLE - KURT COBB
The coming year is likely to be as full of surprises in the field of energy as 2014 was. We just don't know which surprises! I am not predictin ...
Monday, 05 January 15
THE SHIPPING MARKET IN 2014 AND LOOKING FORWARD - BIMCO
2014 started with plenty of optimism for a considerably better global economy and an improved shipping market. Things turned out somewhat different ...
Monday, 05 January 15
API 5 FOB NEWCASTLE COAL SWAP FOR Q1'15 DELIVERY CLOSED US$ 0.45 HIGHER COMPARED TO Q2'15 CLOSING
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 0.60 per MT (-1.15%) month over month and gained US$ 0.02 (+0.04%) ...
Sunday, 04 January 15
BALTIC DRY INDEX CONTINUES ITS DECLINE IN 2015
Wish you all a very Happy New Year 2015. The last report was dated 19th Dec 2014 and due to Christmas and new year holidays no reports were publish ...
Saturday, 03 January 15
U.S WEEKLY COAL PRODUCTION FELL 11.2% TO 17.6 MMST WEEK OVER WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 17.6 million short tons (mmst) of coal ...
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- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- The University of Queensland
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
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