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Sunday, 06 May 12
EXPORT DUTY ON MINERAL FINALLY TO BECOME EFFECTIVE NEXT WEEK
.jpg) COALspot.com - Mineral ore exporters of Indonesia ( only IUP holders) are required to obtain recommendation letter from the energy and mineral resources ministry before being able to export metal ore starting from 7th May 2012 until 12 January 2014.
By 12 January 2014, all mineral ore and unprocessed coal exports will be stopped.
According to a notice published on directorate general of mineral and coal’s website, the recommendation will only be granted to companies, if the companies fulfill certain requirements, such as IUP status must be clean and clear, the company have paid all their tax and non-tax financial obligations, and they must submit a comprehensive proposal on whether they want to build their own smelters, establish a consortium with other companies to jointly build smelters, or sell their raw materials to smelting companies in the country.
Companies must also require to sign integrity pacts with the government undertaking they will stop exporting raw materials in 2014 as mandated by the Minerals and Coal Law. A 20-percent export duty on 14 mineral commodities (antimony, bauxite, chromium, copper, gold, iron ore, iron sand, lead, manganese, molybdenum, nickel, platinum, silver and tin ) will be imposed from 7th May 2012.
In the meantime, the energy and mineral resources ministry’s director general for minerals and coal, revealed the export tax and the requirements would apply only to IUP holders and not for contract of work (CoW) holders.
The government was silent on coal either export duty or export ban. Previously government was planning to introduce a ban on low calorific value coal or unprocessed coal by 2014, and finance ministry of Indonesia is expected to issue a regulation to impose export duty. A official from directorate general of mineral and coal previously revealed that, the export duty will be around 25 percent in 2012 and 50 percent in 2013.
However instead of proposed 25 percent export duty on mineral in 2012, now government is introduced only 20 percent duty and coal exempted temporary from any export duty.
If export duty on coal introduced and implemented, it will be applicable only for IUP holders and not for CCoW holders. According to market sources, CCoW holders are holding at least 70-80 percent of Indonesian coal production and exports.
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Wednesday, 07 October 20
U.S. COAL PRODUCTION TO DECREASE BY 26 PERCENT IN 2020 COMPARED TO 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 525 million short tons (MMst), compared with 705 MMst in 2019, a 26% decrease.
COVID-19 a ...
Wednesday, 07 October 20
MARKET INSIGHT - INTERMODAL
The challenges brought forward in 2020 proved to be very different from what we could have ever imagined. Together with placing a significant strai ...
Tuesday, 06 October 20
KOSPO TO IMPORT 80,000 MT OF 3,800 NCV COAL FOR 2H NOV
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 MT Min.3800 kcal/kg NCV coal 2H November, 2020 l ...
Friday, 02 October 20
THE INDONESIA COAL PRICE REFERENCE RISE AFTER HISTORIC CRASH TO US$ 49.42
COALspot.com: The Indonesia Coal Price Reference for the month of October Rise to US$ 51.00 after historic crash to US$ 49.42 in September 2020.
...
Friday, 02 October 20
SRI LANKA MUST LEARN LESSONS FROM AROUND ASIA TO AVOID FURTHER ELECTRICITY CRISES - IEEFA
Overcommitment to fossil-fuelled power generation is leading to excess capacity and rising capacity payments, subsidies, and tariffs around the con ...
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- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Aditya Birla Group - India
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