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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, 02 September 20
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- CIMB Investment Bank - Malaysia
- Planning Commission, India
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- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
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- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
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- Baramulti Group, Indonesia
- White Energy Company Limited
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- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
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- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- The University of Queensland
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
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- PTC India Limited - India
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- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
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- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
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- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
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