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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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Wednesday, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...
Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...
Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has ca ...
Tuesday, 05 January 10
SUPRAMAX MARKET REMAINED QUIET OVER THE LAST 10 DAYS BRS - DRY BULK
Despite a damp end to the year for bulk rates, shipping has weathered the storm far better than was initially expected in the wake of the financ ...
Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the risin ...
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- Chamber of Mines of South Africa
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- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
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- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Coal and Oil Company - UAE
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- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
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- Mercator Lines Limited - India
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- SMC Global Power, Philippines
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- GMR Energy Limited - India
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- Larsen & Toubro Limited - India
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- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
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- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
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- AsiaOL BioFuels Corp., Philippines
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- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- The University of Queensland
- Planning Commission, India
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
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- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
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- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
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- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
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- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
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- Minerals Council of Australia
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
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- Energy Link Ltd, New Zealand
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