dfs - onto a winner, page-48

Hi Guys,

Saw this on Bloomberg today, may be the potential increase in royalties may have something to do with recent price fall what do you think -or is it old news?

.....The energy ministry is drafting regulations to control coal production, Prasodjo said, declining to provide more details. “One day, we have to control our production because coal is not a renewable resource.”

Miners won’t necessarily heed the target, according to Deutsche Bank AG. Some of the largest producers, including PT Bumi Resources (BUMI), PT Berau Coal Energy (BRAU) and state-owned coal miner PT Tambang Batubara Bukit Asam (PTBA), forecast production growth of more than 10 percent, the bank said in a report on Jan. 14.

Deutsche Bank predicts slower growth in coal exports. Indonesia may ship 435 million tons of the fuel this year, up about 3 percent from 424 million tons in 2013, it said.

Indonesia is still planning to introduce higher royalties for some miners this year, Prasodjo said. The government plans to increase coal royalties to 13.5 percent for miners, Finance Minister Chatib Basri said on June 24.