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Saturday, 28 July 18
GOVERNMENT TO REVOKE COAL PRICE CAP POLICY - JP
The Jakarta PostThe government plans to revise its domestic market obligation (DMO) on coal price next week during a high-level meeting with President Joko “Jokowi” Widodo, with among considerations being to increase state revenue from coal, the efforts of which are currently hampered because of the formula.  
 
Deputy Energy and Mineral Resources Minister Arcandra Tahar said on Friday that the ministry would lead a team to find a new formula for the DMO on coal policy. 
 
“We didn’t cancel the policy [DMO for coal], but the government has decided to cancel the price cap [selling price for power plants] and to find another formula,” he said. 
 
The DMO is a policy that obliges coal miners to allocate 25 percent of production for the domestic market and to cap the selling price at no higher than US$70 per ton for state-electricity firm PLN’s coal-fired power plants. 
 
However, the price cap for coal has resulted in state revenue taking a hit, as the selling price of coal is lower than the market price, which is currently around $100 per ton. 
 
It has been reported that the new formula will be similar to incentives for biodiesel.
 
Indonesian Coal Mining Association chairman Pandu Sjahrir  said previously that the policy was confusing as not all miners produced coal in accordance to the needs of  PLN’s power plants.  
 
Hence, more than six months since the implementation of the policy, not all coal miners have realized their obligation to sell coal under the market price to PLN.


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Tuesday, 24 July 18
TANKER MARKET : IN TERMS OF TRADE, THE STEPS THAT WERE SLOWLY BEING TAKEN BY OPEC AND RUSSIA - GEORGE LAZARIDIS
Despite the fact that the tanker market still seems to be in the midst of a perfect storm, there are still strong indicators that better sailing da ...


Thursday, 19 July 18
VINACOMIN PRODUCES OVER 20 MLN TONNES OF RAW COAL FROM YEAR'S START - VNA
The Vietnam National Coal and Mineral Industries Group (Vinacomin) has produced over 20 million tonnes of raw coal and 19.3 million of clean coal f ...


Wednesday, 18 July 18
INDONESIA TO AUCTION 16 MINING SITES - JP
Indonesia will soon auction 16 mining sites as no proposal submissions have been submitted by state-owned enterprises (BUMN) and regional administr ...


Wednesday, 18 July 18
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
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Thursday, 12 July 18
SUPRAMAX: INDO/CHINA COAL RV IS BEING FIXED AROUND USD 10500 BSS SINGAPORE - FEARNLEYS
Capesize Cape market continue to be extremely volatile says Fearnleys in its latst weekly report. The further noted that, last week ended wi ...


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