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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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Sunday, 19 July 15
BDI GAINED AND CROSSED 1000 MARK THIS WEEK
COALspot.com: The BDI gained and crossed 1000 mark after many months this Friday. The BDI was up almost 20 pct and closed 1048 points on 17 July 20 ...
Saturday, 18 July 15
INTERVIEW : FRANZ ESCALANTE, CHIEF OF INFORMATION SYSTEMS, MINERA CHINALCO, PERU
We are interested in the technology of Autonomous trucks, the new-generation trucks are not remote controlled, they are truly autonomous - Franz Es ...
Friday, 17 July 15
COAL PRODUCTION IN THE U.S. INCREASES SHARPLY FOR THE WEEK ENDING JULY 11
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 16.4 million short ...
Friday, 17 July 15
INDONESIAN POWER-STATION COAL SWAPS DECLINE CONTINUES THIS PAST WEEK
COALspot.com: Indonesian coal swap for delivery Q3 2015 declined month on month and week over week, this past week.
The Q3 swap was declined $ ...
Friday, 17 July 15
DO CANCELLATION RIGHTS UNDER VOYAGE CHARTERPARTY SURVIVE RE-NOMINATION OF LOAD PORT? - INCE&CO
KNOWLEDGE TO ELEVATE
Do cancellation rights under voyage charterparty survive re-nomination of load port?
St Shipping & Transport Inc ...
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Showing 2916 to 2920 news of total 6871 |
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- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Australian Coal Association
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
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