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Friday, 28 August 09
INDONESIA SEEKS TO INCREASE COAL PRODUCTION TO BOLSTER REVENUE
 The Jakarta Post, the leading english news paper in Indonesia reported that, Indonesia expects to increase coal production by up to 20 million tons next year as lawmakers insist that the government must book higher non-tax revenue from the mining sector in 2010.
Bambang Setiawan, the director general for coal, minerals, and geothermal at the Energy and Mineral Resources Ministry, said the House of Representatives' budget committee had asked the government to set a non-tax revenue target of Rp 15 trillion (US$1.48 billion) from the mining sector in 2010.
"The government *had* earlier proposed the revenue at Rp 14 trillion, which is unchanged from this year's target.
"But, as the House's budget committee want the revenue to be Rp 15 trillion, we expect that next year we can slightly increase the production," Bambang said Thursday.
Coal and other mining commodities contribute to non-tax state revenue mainly through royalty payments. Coal contributes the biggest single contribution to state revenues from mining commodities.
The royalty payments will then be shared between the central and regional governments involved.
For this year, the country expects to produce 230 million tons of coal.
"If we want to secure the Rp 15 trillion revenue next year, we must increase coal production by between 10 million and 20 million tons. This is based on the assumption that the coal price is still unchanged from the current price of US$63 per ton," Bambang said.
"We hope that the production can be increased and the demand will be high next year so that the revenue target can be achieved," he said.
Bob Kamandanu, chairman of the Indonesian Coal Producers Association (APBI), said the target was "not too extreme" and achievable.
"This should be achievable, because last year the production was 239 million tons and this year it could be somewhere between 245 and 250 million tons. Thus the target of 260 million tons for next year will not be too difficult," he said.
The country's coal production has already reached 72 million tons in the first half of this year, according to data from the energy and mineral resources ministry.
In the same period, the coal sales volume reached 75 million tons; 52 million tons being sold to domestic buyers and the remaining 23 million tons going to exports..
The mining sector in total has booked non-tax revenue amounting to Rp 7.2 trillion in the first half of 2009, just under half of the annual target now set by the House of Representatives budget committee.
Source: The Jakarta Post
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Monday, 31 August 09
INDIA MMTC ISSUE TENDER TO IMPORT 12.5 MMT COAL TO BE SUPPLIED OVER A PERIOD OF 12 MONTHS
COALspot.com (India): MMTC has re-issued a tender to import 12.50 Million Metric Tonnes (12.50 MMT) (+/- 2%) of thermal coal to be supplied over a p ...
Monday, 31 August 09
INDONESIA ADARO'S NET PROFIT SOARS 1,506 PERCENT ON HIGH PRICES
The Jakarta Post reported that, the country's second largest coal producer, PT Adaro Energy said Sunday that its first-half net profit soared 1,506 ...
Sunday, 30 August 09
THE FUTURES FOR THREE YEARS FOR 2010-2012 IS AROUND PANAMAX / US$ 15,500 & SUPRAMAX / US$ 13,500 PER DAY
COALspot.com (Singapore): The dry bulk market continued to be soft this week and the BDI was almost stable and closed at 2,421 points this week.
...
Friday, 28 August 09
MERCURIA ENERGY OPENS INDONESIA TRADING OFFICE
COALspot.com ( Indonesia): Mercuria Energy Group has opened a new office in Jakarta, Indonesia, focussed on trading coal.
Jakarta-based Emanuele ...
Friday, 28 August 09
COAL MINE BUYERS DUST OFF THEIR CASH ( ANALYZED BY REUTERS)
* Coal asset buyers give up waiting for bargains
* Mining majors expected to buy not sell
* South Africa a target, Indonesia less so
By Jackie ...
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- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
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