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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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Friday, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its ...
Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight ra ...
Friday, 09 October 09
THE BALTIC DRY INDEX WOKE UP: DRY BULK MARKET ON THE RISE
Hellenic Shipping News reported that, In what could prove the beginning of a new and sustainable rally for the dry bulk market, the BDI (Baltic Dry ...
Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
* New coal loading facility collapsed due to heavy rain
* Older coal loading facility seem unaffected so far
* UBS may cut valuation if disruption ...
Thursday, 08 October 09
COAL INDIA SAYS IMPORTS COULD JUMP 10 TIMES IN 3 YRS
Reuters reported that, Coal imports by state explorer Coal India Ltd could jump 10 times to 40-45 million tonnes in three years to meet a sharp rise ...
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- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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