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Thursday, 15 October 09
GOVT TO CAP COAL EXPORTS AT 150 MILLION TONS A YEAR
 The Jakarta Post reported that, The government plans to cap coal exports at around 150 million tons a year in a bid to guarantee supply for domestic demand, especially for electricity generation, an official said.
"The figure is based on our estimate of the domestic demand for coal," Bambang Setiawan, director general for coal, minerals and geothermal energy at the Energy and Mineral Resources Ministry, told reporters Wednesday.
The export cap will be included in a government regulation on domestic market obligations (DMO).
"We expect the regulation on the DMO to be concluded this year," Bambang said.
According to Bambang, national coal production this year is targeted at 230 million tons. He said that as much as 161.5 tons of this total were for export and the remaining 68.5 tons were for the domestic market.
The Indonesian Coal Producers Association has estimated national coal production will reach 250 million tons this year while the domestic demand will reach 50 million tons.
Bambang said the domestic demand would increase significantly in the upcoming years as power plants from the government's 10,000 megawatt electricity crash program would begin operation in 2011.
He said the coal demand from the power sector in 2011 would be somewhere between 65 million and 70 million tons a year, up from 40 million to 46 million tons this year.
Bambang also announced a government plan to provice incentives for low-calorie coal producers.
Bamband said the government plans to reduce the percentage of the so-called coal production fund (DHPB), which basically consist of development fee and royalty paid to the government.
The government requires low-calorie coal producers to pay the DHPB as much as 13.5 percent of their sales revenue.
Bambang said the Energy and Mineral Resources Ministry proposed to reduce the DHPB for low-calorie coal producers from 13.5 percent to around 7.5 percent. The reduction will only be taken from the development fee, while the royalty will remain at 3 percent.
"This proposal still needs to be discussed further with the Finance Ministry," Bambang said.
Source: The Jakarta Post
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Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
Wednesday, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in ...
Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domest ...
Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the reali ...
Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by abou ...
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- Power Finance Corporation Ltd., India
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- Goldman Sachs - Singapore
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- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
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- Energy Development Corp, Philippines
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- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
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- Kepco SPC Power Corporation, Philippines
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- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
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- Toyota Tsusho Corporation, Japan
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- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
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- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
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- Deloitte Consulting - India
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- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
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- Larsen & Toubro Limited - India
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- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
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- Coal and Oil Company - UAE
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- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
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- Planning Commission, India
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- The University of Queensland
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- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
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- PTC India Limited - India
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- Commonwealth Bank - Australia
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- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Mercator Lines Limited - India
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- Minerals Council of Australia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Metalloyd Limited - United Kingdom
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- Mintek Dendrill Indonesia
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