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Friday, 18 May 12
EXPORT TAX WILL ERODE PROFITS, INDONESIAN COAL EXEC COMPLAINS - THE JAKARTA GLOBE
 The Jakarta Globe reported that, A 20 percent export duty the government has imposed on 14 mineral ore products will not only take a toll on mining companies’ profits but also cause problems in the domestic market, which won’t be able to absorb all the output, a mining executive said.
Ray Antonio Gunara, president director of Harum Energy (HRUM), a coal mining and logistics company with operations in East Kalimantan, said that his business already had to pay a 13.5 percent royalty and that the additional 20 percent would only cut deeper into its profit margin.
“If the policy is really implemented, it would mean that besides of the 13.5 percent royalty obligation, we will also have to pay another 20 percent to the government and therefore we will only get about 70 percent of sales,” Ray said.
The new rule — moved up to this year from 2014 — bans shipments of unprocessed gold, silver, platinum, copper, lead, nickel, zinc, iron ore and sand iron, manganese, chromium, molybdenum, bauxite and antimony in a bid to boost value-added products.
The government has made exceptions for miners that plan to build smelters. They will be taxed at an average of 20 percent on ore exports.
Some companies may end up holding back ore shipments if the new levy makes mining unprofitable and might focus instead on building smelters or selling domestically.
Ray said if wouldn’t be easy for sales to shift to the domestic market because its absorption rate was much smaller than the export market. Currently around 90 percent of mining products are exported.
However, Herman Afif Kusumo, head of the Indonesia Mining Community Presidium (MPI), said 20 percent was an acceptable level that local mining concerns could still afford. The new taxes were needed to prevent the rapid overexploitation of Indonesia’s natural resources, he said.
Source: The Jakarta Globe
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Monday, 02 November 20
PHILIPPINES GOVERNMENT SAYS NO TO NEW COAL PLANT PROPOSALS - IEEFA | 24 PILIPINAS
The Duterte administration will no longer accept proposals to construct new coal power plants, a dramatic shift in energy policy that counts on dec ...
Sunday, 01 November 20
GRADUAL RECOVERY FOR INDONESIAN COAL FROM 4Q20; RISKS REMAIN - FITCH RATINGS
Fitch Ratings expects the credit metrics of Indonesian coal miners and coal contractors to improve from 4Q20 with the recovery in volumes and price ...
Wednesday, 28 October 20
BIODIESEL - NEW FUELS, NEW CHALLENGES - GARD | DNV GL
KNOWLEDGE TO ELEVATE
One of numerous possible ways to comply with the IMO’s strategy on the reduction of greenhouse gas (GHG) emissions ...
Wednesday, 28 October 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.35 PCT - XINHUA
China Taiyuan coal transaction price index stood at 127.94 points Monday, up 0.35 percent week on week.
The index, released by China ...
Wednesday, 28 October 20
MARKET INSIGHT - INTERMODAL
The global strive towards eco-friendliness and environmental sustainability in the shipping industry is mounting. There are currently almost 200 co ...
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- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
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