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Tuesday, 28 July 15
INDONESIA DELAYS PLAN TO RAISE COAL ROYALTIES AMID PLUNGING PRICE - JP
 The government will postpone a plan to increase royalty payments from coal miners as they are already burdened with the commodity’s plunging price, a top official has said, the Jakarta post reported.
The JP further reported that, the decision was based a government review in which it found that the low global coal price had prompted ongoing losses for coal miners in Indonesia, one of world’s major producers of the commodity.
“The government decided to review the plan based on the current situation and price,” Energy and Mineral Resources Ministry’s director general for mineral and coal, Bambang Gatot Ariyono, said last week.
Coal price reference (HBA) for 6,322 kcal/kg coal stood at US$ 59.16 per ton for July, down from around $63 per ton at the beginning of the year and half the price it was four years ago, over $127 per ton.
Bambang said the government had acknowledged that the current coal price slump was caused by weak local and global demand as Indonesia and countries that import the commodity faced weaker economic growth.
The paper further noted that, the ministry’s initial proposal was to increase royalty payments for all coal types to the range of 7 to 13.5 percent, an increase from the current level of 3 percent for low-calorie coal, 5 percent for the medium-calorie type and 7 percent for high calorie, as stipulated in a 2012 regulation.
The plan was based on the ministry’s assessment that the current level would unlikely help the mineral and coal office meet its non-tax revenue (PNBP) target this year of Rp 52.5 trillion (US$3.91 billion).
The revenue target from the coal sector was calculated based on the ministry’s coal output target this year to 455 million tons — higher than the initial aim of 425 million tons — to offset the ongoing decline in the commodity’s price.
From last year’s total output of 458 million tons, the mineral and coal office collected Rp 35.4 trillion in royalties from the holders of mineral and coal mining permits and contracts of work.
Indonesia’s coal production stood at 202.7 million tons in the first six months of the year, a 17.4 percent drop compared to 245.5 million tons in the same period last year, according to the office’s data.
Industry players have rejected the plan to increase the royalty payments as it would be too burdensome for their businesses, which have been under pressure because of the decline in coal prices.
“It is not the right time to impose the plan as some coal miners are planning to decrease production,” said Pandu Sjahrir, chairman of the Indonesian Coal Mining Association (APBI), as quoted by kontan.co.id.
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Friday, 24 July 15
U.S PRODUCED 17.2 MMST OF COAL FOR THE WEEK ENDED JULY 18; FELL 11.5% YEAR ON YEAR
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.2 million shor ...
Friday, 24 July 15
THE IMPACT OF COLLAPSING CHINESE COAL IMPORTS - CLARKSONS
Global seaborne coal trade is currently projected to drop 1% y-o-y in 2015, which would be the first annual decline in almost three decades. The dr ...
Thursday, 23 July 15
ELEVEN NEW NICKEL SMELTERS ARE TO BE BUILT IN INDONESIA OVER THE NEXT TWO YEARS AT A COST OF $1.4 BILLION
Indonesia’s Most Reputable Nickel Event
Eleven new nickel smelters are to be built in Indonesia over the next two years at a cost of $1. ...
Thursday, 23 July 15
THE CAPESIZE SEGMENT KEPT FOUNDING SUPPORT ON INCREASED DEMAND FROM CHINESE STEEL MILLS - INTERMODAL
The Dry Bulk market closed off on Friday (17July 2015) noting substantial gains and the BDI surpassing the 1,000 points level for the first time af ...
Wednesday, 22 July 15
SHIPPING MARKET INSIGHT - PANOS TSILINGIRIS | INTERMODAL
In both bulk shipping sectors, there are certain, yet different, reasons and strategies to invest. In the wet, buy once you can charter-out long, w ...
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Showing 2906 to 2910 news of total 6871 |
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- The University of Queensland
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
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