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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, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...
Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...
Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping ...
Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...
Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
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- Formosa Plastics Group - Taiwan
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- SMG Consultants - Indonesia
- The University of Queensland
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- Australian Coal Association
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- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
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- Wood Mackenzie - Singapore
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- Therma Luzon, Inc, Philippines
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- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
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- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
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- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
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- Wilmar Investment Holdings
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- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
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- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
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- Energy Link Ltd, New Zealand
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- Economic Council, Georgia
- The State Trading Corporation of India Ltd
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- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
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- GMR Energy Limited - India
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- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
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- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
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- Mjunction Services Limited - India
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- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
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- Merrill Lynch Commodities Europe
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- Samtan Co., Ltd - South Korea
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- Romanian Commodities Exchange
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