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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, 28 September 09
TATA POWER SCOUTS FOR COAL BLOCKS ABROAD
Business Standard reported that, private power producer Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet de ...
Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by ...
Saturday, 26 September 09
GSECL PLANS TO PROCURE 15 LAKH (1.5 MILLION) MT OF IMPORTED COAL
Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1 ...
Saturday, 26 September 09
SAIL TO SET UP TWO SLAG-BASED CEMENT MANUFACTURING UNITS
Rediff Business reported that, Government-owned Steel Authority of India Ltd, the country's largest steel producer, is looking to set up two greenf ...
Friday, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
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- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Sical Logistics Limited - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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