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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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Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...
Thursday, 15 October 09
AUSTRALIAN MINING COMPANIES REPORTED FINDING 1.5 BILLION COAL MINE DEPOSIT IN MOZAMBIQUE
Paguntaka reported that, Mozambique is a country that has the potential mining areas are very rich. Many mining companies who want to invest in the ...
Wednesday, 14 October 09
INDONESIA POWER FIRM SIGNS LOAN AGREEMENTS FOR OVER $1 BLN
Reuters reported that, Indonesia's state electricity firm PT Perusahaan Listrik Negara (PLN) has raised more than $1 billion from a group of banks ...
Wednesday, 14 October 09
LARSEN & TOUBRO MAY ENTER POWER GENERATION BUSINESS IN INDIA
Bloomberg reported that, Larsen & Toubro Ltd., India’s biggest engineering company, said it is considering entering the power generation b ...
Wednesday, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...
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- Energy Development Corp, Philippines
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- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
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- Antam Resourcindo - Indonesia
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- SMG Consultants - Indonesia
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- Indian Energy Exchange, India
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- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
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- Port Waratah Coal Services - Australia
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- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
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- Wilmar Investment Holdings
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
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- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
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- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Orica Mining Services - Indonesia
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- Semirara Mining and Power Corporation, Philippines
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- Makarim & Taira - Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
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- Indogreen Group - Indonesia
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- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
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- Planning Commission, India
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
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- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
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- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
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- Coal and Oil Company - UAE
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- Sical Logistics Limited - India
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- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
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- Central Electricity Authority - India
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- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
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- The Treasury - Australian Government
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- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
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