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Friday, 15 January 10
GOVT BRINGS IN DOMESTIC COAL MARKET OBLIGATION
 The Energy and Mineral Resources Ministry has issued a ministerial decree requiring producers of coal and other minerals to allocate a proportion of their annual production output to the domestic market, or face sanctions.
The decree, signed on Dec. 31, 2009, states that the proportion for the so called annual domestic market obligation (DMO) will be equal to the estimate of annual demand proposed by potential domestic buyers a year earlier.
Both the producers and domestic consumers are bound to the DMO and failure to comply will result in sanctions. Sanctions will vary from a written reprimand to a production cut of up to 50 percent for producers, and up to 50 percent supply reduction for consumers in the following year if they failed to purchase the commodity at the agreed volume.
The DMO obligation was initially to be introduced through the im-plementing regulations of the Mining Law.
“The implementing regulation will only provide macro policy, while the decree provides detailed guidelines for implementation,” said the director general for coal, minerals and geothermal at the ministry Bambang Setiawan.
Domestic coal demand is expected to reach 75 million tons this year, approximately 30 percent of the estimated total production of 250 million tons. In 2009, coal production was 254 million tons while domestic demand was 56 million tons.
Producers in the manufacturing industries have been complaining of lack of energy supplies and fuels, particularly coal and gas, to keep their production targets on track. It was partly prompted by the disparity between domestic and market prices, with exporters generally being able to sell at a higher price than in the domestic market.
Witoro Soelarno, the secretary to the directorate general for minerals, coal and geothermal, said that the existing coal and mining contracts actually had stated that “the producers must put priority on the domestic market”.
“But, the details of the DMO obligation were not explained and this led to different interpretations in implementation. The decree is expected to give legal certainty for producers and consumers,” Witoro said Thursday.
The Indonesia Mining Association (IMA) executive director Priyo Pribadi Soemarno responded to the introduction of the new regulation on the DMO obligation by saying that coal and minerals producers would have no problem with it as long as the price would not be capped.
“The DMO can be seen as just another target market as long as the price is floated in the market price,” he said.
Priyo added that the government should also guarantee that the output allocated for the domestic market would be able to be reallocated if and when domestic buyers failed to fulfill their commitments to complete orders as planned.
Bob Kamandanu, chairman of the Indonesian Coal Producers Association (APBI), voiced a similar argument.
“If the domestic buyers use the market prices, the producers will happily sell their output to the domestic market as the location is close and this will cut the delivery time,” he said.
The government said the price of minerals will stay regulated through another ministerial decree to be released later.
Source: The Jakarta Post
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Monday, 18 January 10
BHP TO SPEND $267 MILLION ON QUEENSLAND COKING COAL
BHP Billiton Ltd, the world’s largest mining company, will spend $267 million to accelerate development of the Caval Ridge mine and the Hay Po ...
Sunday, 17 January 10
THE FUTURES FOR THREE YEARS (2010 - 2012) FIRMED UP - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market was a bit mixed with BDI up by about 159 points and closed at 3,299 points.
BDI
The cape index cont ...
Sunday, 17 January 10
NTPC TO DOUBLE CAPACITY BY 2017
NTPC, which will launch its follow-on public offer on February 3, plans to more than double its generating capacity to over 70,000 mega watts by 201 ...
Saturday, 16 January 10
HANDY CONTINUED FIRM CONDITIONS FOR MARKET IN THE ATLANTIC
HANDY
Continued firm conditions for the Handymax / Smax market in the Atlantic with the BSI having a continued upwards momentum. US$ 45,000 ac ...
Friday, 15 January 10
INDONESIA COAL - HEAVY RAINS HAVE LITTLE IMPACT ON COAL OUTPUT
Coal shipments from Indonesia's main coal-producing area are unlikely to be hit by heavy rains during January-February as many miners are prepared ...
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- Commonwealth Bank - Australia
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- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
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- Parliament of New Zealand
- Australian Coal Association
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- Georgia Ports Authority, United States
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- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
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- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
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- Pendopo Energi Batubara - Indonesia
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- Trasteel International SA, Italy
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- Billiton Holdings Pty Ltd - Australia
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- Directorate Of Revenue Intelligence - India
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- Singapore Mercantile Exchange
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- Alfred C Toepfer International GmbH - Germany
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- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
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- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
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- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
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- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- White Energy Company Limited
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
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- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Cigading International Bulk Terminal - Indonesia
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- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
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- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
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- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Bhatia International Limited - India
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
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- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
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- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
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- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
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- Petron Corporation, Philippines
- Bangladesh Power Developement Board
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- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
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- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
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