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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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Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...
Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
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- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
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- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- PTC India Limited - India
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
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- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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