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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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Monday, 30 November 09
INDIA UTILITIES MOVE TO COAL INDEX - PRICING
Indian state utilities are leading a switch to coal index-linked pricing from fixed prices to secure imports and to be visibly paying fair market pr ...
Monday, 30 November 09
RECAPITAL TO ACQUIRE BERAU COAL
Unlisted Indonesian coal producer Berau will redeem outstanding bonds before the acquisition by Recapital Advisers is completed by the end of this y ...
Friday, 27 November 09
IMPORTING LIGNITE INTO COAL RICH KOSOVO
Balkan Insight has discovered that one of Kosovo’s biggest firms is being forced to import lignite from Malaysia and Indonesia, despite estima ...
Friday, 27 November 09
SOUTH AFRICA STILL TOPS IN COAL EXPORT RANKINGS
Mining Weekly reported that, Despite significant coal-mining capacity recently discovered in the Southern African region, according to senior coal a ...
Friday, 27 November 09
BHP SEEKS VARIABLE COKING COAL PRICE IN JAPAN, NIKKEI SAYS
Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...
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- Kaltim Prima Coal - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
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- The University of Queensland
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- Mercuria Energy - Indonesia
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- Renaissance Capital - South Africa
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- Africa Commodities Group - South Africa
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- Bangladesh Power Developement Board
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- Ministry of Mines - Canada
- Australian Coal Association
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Indian Oil Corporation Limited
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- Tata Chemicals Ltd - India
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- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Planning Commission, India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
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- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
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- Sindya Power Generating Company Private Ltd
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Videocon Industries ltd - India
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- Jaiprakash Power Ventures ltd
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- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Rio Tinto Coal - Australia
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- Global Coal Blending Company Limited - Australia
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- Attock Cement Pakistan Limited
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- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
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- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
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- Petrochimia International Co. Ltd.- Taiwan
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- Intertek Mineral Services - Indonesia
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- PowerSource Philippines DevCo
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- Ministry of Finance - Indonesia
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- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
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- Global Business Power Corporation, Philippines
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