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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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Friday, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its ...
Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight ra ...
Friday, 09 October 09
THE BALTIC DRY INDEX WOKE UP: DRY BULK MARKET ON THE RISE
Hellenic Shipping News reported that, In what could prove the beginning of a new and sustainable rally for the dry bulk market, the BDI (Baltic Dry ...
Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
* New coal loading facility collapsed due to heavy rain
* Older coal loading facility seem unaffected so far
* UBS may cut valuation if disruption ...
Thursday, 08 October 09
COAL INDIA SAYS IMPORTS COULD JUMP 10 TIMES IN 3 YRS
Reuters reported that, Coal imports by state explorer Coal India Ltd could jump 10 times to 40-45 million tonnes in three years to meet a sharp rise ...
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- Formosa Plastics Group - Taiwan
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- LBH Netherlands Bv - Netherlands
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- Semirara Mining and Power Corporation, Philippines
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- GMR Energy Limited - India
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- Singapore Mercantile Exchange
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- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
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- The University of Queensland
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
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- European Bulk Services B.V. - Netherlands
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- Global Coal Blending Company Limited - Australia
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- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
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- Lanco Infratech Ltd - India
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- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Australian Coal Association
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- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
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- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
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- Anglo American - United Kingdom
- Tamil Nadu electricity Board
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- Global Business Power Corporation, Philippines
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- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
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- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
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- New Zealand Coal & Carbon
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- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
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- Bulk Trading Sa - Switzerland
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- Toyota Tsusho Corporation, Japan
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- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Price Waterhouse Coopers - Russia
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- GAC Shipping (India) Pvt Ltd
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- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
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- Electricity Generating Authority of Thailand
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- Agrawal Coal Company - India
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- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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