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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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- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- The University of Queensland
- Eastern Coal Council - USA
- Deloitte Consulting - India
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- PTC India Limited - India
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- White Energy Company Limited
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
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