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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, 30 December 14
U.S WEEKLY COAL PRODUCTION ALMOST FLAT AT -0.2%
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.8 million short tons (mmst) of coal ...
Monday, 29 December 14
CHINESE COAL IMPORTS: REGULATORY RISKS? - CLARKSONS
In recent years, Chinese seaborne coal imports have surged, registering average growth of 67% p.a. between 2009 and 2013 to total 265mt. However, t ...
Monday, 29 December 14
BULK MARKET ENDS YEAR ON SOUR NOTE, SHIPBROKER SEES 'BUMPY ROAD AHEAD' - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2014 was supposed to be the year that the dry bulk market would stage a comeback and a sustainable one for that matter. However, while for the most ...
Monday, 29 December 14
Q1'15 CFR SOUTH CHINA COAL SWAP CLOSED AT $59.42
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 3.51 (-5.58%) month over month and US$ 0.08 (-0.13%) ...
Monday, 29 December 14
SGX'S FOB NEWCASTLE COAL SWAPS IMPROVED W-O-W, LOST M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.44 per MT (-2.73%) month over month and gained US$ 0.36 (+0.71%) ...
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- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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