We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 14 January 10
INDIANS RESUME S. AFRICA COAL BUYING AGAINST INDEX - REUTERS
Indian trade buyers have resumed buying of South African prompt coal cargoes after a two-month hiatus but are opting for index-linked pricing, hopin ...
Wednesday, 13 January 10
STEAMING COAL SUPPLY SPOT CONTRACT FOR TAEAN POWER PLANT
COALspot.com (South Korea): Korea Western Power Co., Ltd is looking for total 1.12 million tons of Bituminous Coal for TAEAN Power Plant.
Accord ...
Wednesday, 13 January 10
INDONESIA ISSUES COAL, METAL DECREE
Indonesia has issued a ministerial decree which requires metal and coal miners to set aside a certain amount of their production for domestic needs, ...
Wednesday, 13 January 10
RESTING TIME FOR INDONESIAN COAL LOADING VESSELS
COALspot.com (Indonesia): 11 - 15 vessels are waiting in anchorages of Muara Berau and Tanjung Pemancingan to load total about 700,000 – ...
Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
|
|
|
Showing 6091 to 6095 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
|
| |
| |
|
