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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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Saturday, 23 October 10
HEAVY RAINS NO DAMPENER FOR 2010 COAL OUTPUT TARGET, MINISTRY SAYS - THE JAKARTA GLOBE
The Jakarta Globe reported that, National coal production would likely meet the target set by the Energy Ministry despite unusually heavy rain this ...


Thursday, 21 October 10
WORLDS FIRST, SINGAPORE EXCHANGE TO CLEAR OTC INDONESIAN COAL SWAP - MONDOVISIONE
Mondovisione reported that, Singapore Exchange (SGX) will be the first exchange in the world to clear over-the-counter (OTC) Indonesian Sub-Bitumino ...


Thursday, 21 October 10
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Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed t ...


Thursday, 21 October 10
CAPESIZE, A FANTASTIC WEEK WITH IMPROVED RATES IN BOTH BASINS - FEARNBULK
Handy Activity remains slow this week combined with a lack of fresh enquiry in the Atlantic. Indexes are all negative except Cape but it is worth no ...


Wednesday, 20 October 10
BLENDING OF IMPORTED COAL AT THERMAL PLANT UP TO 30 % MAY BE ALLOWED - PUNJAB NEWS LINE
Punjab News Line reported that, Indian government is considering allowing increase in the blending ratio of imported coal from 10 to 30 percent at t ...


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