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Thursday, 03 December 09
INDONESIA MAY ALLOW COAL SALES BELOW GOVT PRICE
 Reuters reported that, Indonesia is considering giving producers some flexibility to sell coal below the government's monthly benchmark price to cope with competition in export markets, a government official said on Wednesday.
The government has previously said it would set up its own monthly coal price benchmark in order to reduce the practice of transfer pricing and reduce losses to the state.
Under transfer pricing, some Indonesian coal firms sell coal to affiliates in countries such as Singapore at artificially low prices in order to avoid paying hefty taxes.
Bambang Gatot Ariyono, director of mineral and coal production at the energy ministry, said producers were concerned that they might not win overseas tenders if they always have to sell above the benchmark price.
"There's concerns from producers that competitors may bid slightly lower than our benchmark prices to win overseas tenders because they know we can't sell below the benchmark," Ariyono, director said on the sidelines of the McCloskey Asia Pacific Coal Outlook Conference 2009 in Bali.
"So we discussed a proposal to give flexibility to producers to sell coal below a benchmark price to anticipate competition in export markets," he said.
But implementation of the government's coal index is still awaiting completion of regulations under a new mining and coal law passed in December, which are facing delays.
The index will be made up of prices of 8 types of coal, ranging from 7,000 kcal/kg to 4,200 kcal/kg on gross as-received (GAR) basis.
Supriatna Suhala, executive director of the Indonesian Coal Producers Association, said producers needed the flexibility to set coal prices especially when selling low-quality coal.
"We have to give discounts for certain type of coal that are low quality such as having high moisture or sulphur content so that we can sell," Suhala said.
Indonesia, the world's biggest exporter of thermal coal, is expected to produce 270-280 million tonnes of coal next year, the association has said.
Even if selling below the government's benchmark price, producers would have to pay non-income taxes including royalties based on the benchmark price, Ariyono said, adding the plan was still being discussed between with producers.
Source: Reuters
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Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...
Saturday, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to ...
Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas
PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...
Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...
Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...
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- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Trasteel International SA, Italy
- MS Steel International - UAE
- Planning Commission, India
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- The University of Queensland
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Mjunction Services Limited - India
- Australian Coal Association
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- White Energy Company Limited
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
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