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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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Wednesday, 30 September 20
MARKET INSIGHT - INTERMODAL
Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the p ...
Tuesday, 29 September 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.73 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.91 points Monday, up 0.73 percent week on week.
The index, released by China ...
Tuesday, 29 September 20
SHIPPING MARKET - ALLIED
Here we are, just a short breath before the final quarter of the year, and many are now debating to what extent we can really expect a firm dry bul ...
Tuesday, 29 September 20
INDONESIAN COAL COMPANIES' EARNINGS TO WEAKEN IN 2H20 - FITCH RATINGS
Rated Indonesian coal miners and contractors will have weaker operating and financial performances in the second half of 2020 than in the first, sa ...
Tuesday, 29 September 20
RUSSIA'S COAL PRODUCTION TO DROP BY 10.5% IN 2020, SAYS MINISTRY - TASS
Russia’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln ...
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- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Thai Mozambique Logistica
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- MS Steel International - UAE
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Australian Coal Association
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