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Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA


COALspot.com:
Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news letter stated that, according to the secretary to the director general of mineral, coal and geothermal, the decree is being drafted by Indonesian Ministry of Energy and Mineral Resources (MEMR) and will be expected to issue the end of November 2010. However, there is no additional information available for the percentage of tax that will be introduced and whether VAT will be applicable to the only domestic market or including export market.  

“If it is applicable to the export market, then Indoensian coal prices will jump drastically, as recently the government has issued a ministerial regulation 17/2010 to control selling price of Indonesian coal as per Indonesian coal price reference” said a coal exporter.

“Based on Ministry of Energy and Mineral Resources’ recommendation Ministry of Finance will issue the decree’, said a officer from mining company.

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Recent News

Tuesday, 26 October 10
INDONESIA SHIPPED 5.32 PERCENT LESS COAL IN SEPTEMBER 10
COALspot.com: Indonesia, the world largest coal exporter, shipped 21,661,817 MT of coal in September 2010, which is 5.32 percent lesser than Au ...


Tuesday, 26 October 10
DRY BULK MARKET TO KEEP RISING THIS WEEK ON STRONG CHINESE IRON ORE AND THERMAL COAL DEMAND - HELLENIC SHIPPING
Overcapacitated or not, the dry bulk market keeps its positive momentum as we move forward this week, with the Baltic Dry Index (BDI) rising by 0.77 ...


Monday, 25 October 10
TWO CHINESE COMPANIES INK DEAL TO TAP AUSSIE COAL RESERVES
China Daily reportd that, two Chinese coal firms have teamed up to explore and develop coal resources in an area in Australia that has forecast rese ...


Monday, 25 October 10
DRY BULK MARKET STILL HEAVILY DEPENDENT ON CHINA, POSTS SMALL WEEKLY LOSS OF 1.27% - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With every twitch and turn from China’s metals industry, the dry bulk market is disproportionally affected, as evidenced by the course of the ...


Sunday, 24 October 10
SUPRAMAX VESSELS BEING FIXED AROUND $ 15 K PER DAY DELIVERY N. CHINA FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SHIPPING
COALspot.com: The freight market this week remained almost at same levels with not much change. However the Far East/SE Asia market was quite soft w ...


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