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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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Thursday, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...
Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...
Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping ...
Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...
Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
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- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Minerals Council of Australia
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Australian Coal Association
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- The University of Queensland
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- PTC India Limited - India
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
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