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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, 24 September 09
S.KOREA HYUNDAI STEEL TO BUY COAL FROM SIBERIA
Reuters reported that, South Korea's Hyundai Steel said on Wednesday it will buy a maximum of 300,000 tonnes of coal per year from Siberian Anthrac ...
Thursday, 24 September 09
NO IMPORTED COAL-BASED UMPPS: TATA POWER
Will wait until policy environment becomes more favourable.
Business Standard reported that, Tata Power Company (TPC), India’s largest priv ...
Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sover ...
Thursday, 24 September 09
MACQUARIE DOWNGRADES U.S. COAL SECTOR TO NEUTRAL
Reuters reported that, Macquarie Research downgraded the U.S. coal sector to "neutral" from "overweight" as it believes that dem ...
Thursday, 24 September 09
CHINA WILL BE IMPORTER OF COKING COAL NEXT YEAR, MCCLOSKEY SAYS
Bloomberg reported that, China, the world’s largest coal user and producer, will remain an importer of the fuel through next year, according t ...
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- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
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