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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 decline in the commodity’s price.
Accordingt to The Jakarta Post, the one of th eleading Indonesian English news paper, Bambang Tjahjono, the director for coal at the Ministry’s directorate general for mineral and coal, said an increase in the output target would take this year’s production to 455 million tons, or close to last year’s output of 458 million tons.
The mineral and coal office initially targeted for coal output to reach only 425 million tons this year.
From last year’s total output of 458 million tons, the mineral and coal office managed to collect Rp 35.4 trillion in royalties from the holders of mineral and coal mining permits and contracts of work.
Under the revised state budget, the government is aiming to collect Rp 52.5 trillion from the mineral and coal sector this year. Relying only on royalty payments, which will be set at 7 percent for low-calorie coal, 9 percent for the medium-calorie type and 13.5 percent for high-calorie coal, will be unlikely to help the mineral and coal office meet the revenue target.
There’s one proposal to demand 13.5 percent in royalties across all the coal types. Given the ongoing decrease in coal prices, however, the government was confident that any increase would impact badly on producers, according to R. Sukhyar, the director general for mineral and coal.
There had been a proposal to increase the level of royalty payments from the range of 7 to 13.5 percent, an increase from the 3 percent, 5 percent and 7 percent levels as stipulated in a 2012 regulation.
However, the plan was rejected by industry players who claimed that the royalty level would be too burdensome to their businesses, which have been under pressure because of the decline in coal prices.
The Indonesian coal price reference (HBA), was set at US$62.92 per ton in February, lower than the $63.84 per ton set a month earlier.
“This is the hardest one. The solution, beside increasing production volumes and royalty payments, is to collect late payments from producers that have not been collected,” Bambang said.
The mineral and coal office has been working with the Corruption Eradication Commission (KPK) to ensure that all mining companies have carried out their obligations to the state, including paying their royalties. Last year, the KPK found that numerous miners have not paid their royalties.
The pressures on coal prices are expected to continue particularly because of slowing demand from China, a major consumer of coal.
Source: The Jakarta Post
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Tuesday, 10 February 15
SUB-BIT FOB INDONESIA COAL SWAP ADVANCES 3.79% WEEK ON WEEK
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 rose week over week and month on month.
The Q2 swap up US$ 0.85 (+1.81%) month o ...
Tuesday, 10 February 15
FOB NEWCASTLE COAL SWAPS SURGE WEEK OVER WEEK, RAISING HOPES?
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery rose US$ 0.95 per MT (+1.91%) week over week and declined US$ 0.06 (-0.12%) ...
Monday, 09 February 15
AUSTRALIAN COAL PRODUCERS BEST POSITIONED IN OVERSUPPLIED MARKET; US MINES MOST AT RISK - WOOD MACKENZIE
In a 2015 global coal outlook report, Wood Mackenzie says that Australia and Indonesian coal suppliers will see some upside in the difficult months ...
Monday, 09 February 15
FOB RICHARDS BAY COAL SWAP GAINS 3.65% TO ONE-MONTH HIGH
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 surge month over month and day on day.
The Q2 swap has soared US$ 2.1 ...
Monday, 09 February 15
Q2' CFR SOUTH CHINA COAL SWAP DECLINED 3.28% TO $ 56.92 W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 1.93 (-3.28%) per MT month over month and US$ 0.10 (-0 ...
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- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- The University of Queensland
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
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