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Monday, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts to attract investment in low-quality coal, a senior government official said on Monday.
Bigger coal producers holding contracts of work have struggled to compete with small producers holding a different contract, a mining authority licence (KP), for low-quality coal as they paid higher royalty, Bambang Setiawan, director general of mining, coal and geothermal at the energy and mines ministry, said.
"When the coal contractors join a tender, they can't compete with smaller producers because they pay higher royalties. So we are thinking of reducing royalties for coal-contract of works producers," Setiawan told reporters at the Coaltrans 3rd Coal Mining Operations and Economics conference in Jakarta.
Producers holding coal-contracts of work, whose output accounts for 80 percent of Indonesia's total coal output, pay a royalty of 13.5 percent for all types of coal.
Under the existing scheme, the government owns 13.5 percent of miners' total coal supplies. Miners have to relay the proceeds of the sale of the coal supplies back to the government.
Smaller producers that hold a mining authority licence (KP) -- a different type of mining permit issued by regional a government -- pay 7 percent royalty for high-quality coal, 5 percent for medium-quality coal and 3 percent for low-quality coal.
Indonesia's coal production is expected to reach 250-258 million tonnes of coal this year, the Indonesia Coal Producers Association has said.
Source:Reuters
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Monday, 12 October 09
SHANDUKA BUYS SACMH RICHARDS BAY COAL ALLOCATION
* Shanduka Coal takes SACMH 500,000T export space
* RBCT must approve any change of ownership
Reuters reported that, South Africa's Shanduka Co ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plant ...
Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
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- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
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