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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$3.91 billion).
The revenue target from the coal sector was calculated based on the ministry’s coal output target this year to 455 million tons — higher than the initial aim of 425 million tons — to offset the ongoing decline in the commodity’s price.
From last year’s total output of 458 million tons, the mineral and coal office collected Rp 35.4 trillion in royalties from the holders of mineral and coal mining permits and contracts of work.
Indonesia’s coal production stood at 202.7 million tons in the first six months of the year, a 17.4 percent drop compared to 245.5 million tons in the same period last year, according to the office’s data.
Industry players have rejected the plan to increase the royalty payments as it would be too burdensome for their businesses, which have been under pressure because of the decline in coal prices.
“It is not the right time to impose the plan as some coal miners are planning to decrease production,” said Pandu Sjahrir, chairman of the Indonesian Coal Mining Association (APBI), as quoted by kontan.co.id.
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Monday, 06 July 15
KOREA MIDLAND POWER COMPANY LIMITED ISSUED A TENDER FOR 250K MT BITUMINOUS COAL
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 250K Metric Tons (MT) of 5300 kcal/kg NAR coal ...
Monday, 06 July 15
COAL TRADING & RISK MANAGEMENT TRAINING COURSE
Are you ready to invest in yourself and take your trading and risk management strategy to the next level? The Coal Trading & Risk Management Tr ...
Monday, 06 July 15
CFR SOUTH CHINA COAL SWAP; DECLINED D-O-D,W-O-W AND M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 0.53 (1.01%) per MT month over month.
A commodity swap ...
Sunday, 05 July 15
THE BALTIC DRY INDEX WAS DOWN 18%; PANAMAX UP 9%
COALspot.com: The freight market was soft during this week. However indices closed slightly firmer end of the week on 3rd July.
The BDI was do ...
Friday, 03 July 15
U.S DELIVERS WEAK FIRST HALF COAL PRODUCTION; 8.8% LOWER Y-O-Y
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 15.5 million short ...
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- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
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- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
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- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
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- Carbofer General Trading SA - India
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- Global Coal Blending Company Limited - Australia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
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- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
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- Parliament of New Zealand
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- Attock Cement Pakistan Limited
- White Energy Company Limited
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- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
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- Medco Energi Mining Internasional
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- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
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- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
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- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
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- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Australian Coal Association
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
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- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
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- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
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