We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 08 March 11
MINERS SAY VALUE-ADDED LAW WILL HURT IN THE LONG RUN - THE JAKARTA GLOBE
.jpg) The Jakarta Globe reported that, Government plans to require miners to give added value to their exported commodities could end up costing the country income, a mining association official said on Monday.
Priyo Pribadi Sumarno, an executive director at the Indonesian Mining Association, said the domestic market for minerals such as tin, gold, copper and nickel was relatively small compared to the export market.
“We support the idea of giving added value to our commodities, but requiring these added values as a requirement for export will be more problematic and it will reduce export revenue,” he said.
A 2009 mining law requires miners to upgrade their mineral commodities, with mineral producers needing to comply by 2014 and coal producers by 2016.
Priyo said the law would require local miners to process their commodities before exporting them. Companies would export ferronickel instead of raw nickel, for example, while copper would be required to have 99 percent metal content and coal at least 5,600 calories.
Exports of tin, Indonesia’s top commodity, would have to be 99.85 percent metal.
To meet that requirement, he said, companies would have to invest more in technology by building or upgrading their smelters. A simple smelter could cost about $50 million, while a more advanced smelter could cost at least $500 million.
“The government’s attempt to boost the downstream mineral sector might cost the miners themselves,” Priyo said. “Also, the basis for these added-value requirements is still unclear and we’re pessimistic that the domestic market can absorb most of these commodities.
“I don’t think the regulation is necessary for coal, which accounts for more than 80 percent of our mineral exports, because coal already has its own domestic market obligation.”
According to data from the Central Statistics Agency (BPS), Indonesia’s mining sector was worth $26.67 billion last year, making up 17 percent of total exports.
Priyo said his association would ask the government to review the value-added law and recommend that the plan be implemented in phases while miners upgraded their downstream capability.
“The domestic demand for minerals is too small to absorb the potential excess of commodities,” he said. “If this regulation is enforced, big companies like Newmont, Aneka Tambang and Inco will be the ones affected the most.”
Gold miner Newmont Nusa Tenggara, a local unit of the giant US firm, said complying with the value-added law could prove to be problematic.
“We understand the spirit of the law, but our studies have shown that building a smelter is not economically feasible,” Kasan Mulyono, NNT’s spokesman, told the Jakarta Globe on Monday.
“Currently, there is a global shortage on smelter supplies as many smelters are operating under their capacity.”
Bambang Gatot Ariyono, the director of mining development at the Energy Ministry, was unavailable for comment.
Source: The Jakarta Globe (By:Faisal Maliki Baskoro)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 19 April 11
LONDON COMMODITY BROKERS OPENS JOHANNESBURG OFFICE
COALspot.com - London Commodity Brokers (LCB), a broking house specialising in bulk physical and Over-The-Counter commodities and options (coal ...
Tuesday, 19 April 11
TNPL TO CONDUCT E-AUCTION TO SECURE 160,000 MT OF COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL) a state utility of Tamil Nadu, India to conduct reverse auction on 20 April 2011, betw ...
Tuesday, 19 April 11
ADARO TO ALLOT US$100 MIO FOR COKING COAL - INSIDER STORIES
One of Indonesia's largest coal miner PT Adaro Energy Tbk (ADRO) plans to spend US$100 million in coking coal project dubbed IndoMet Coal, a joint ...
Tuesday, 19 April 11
KPCL TO OPEN PRICE BID ON 23 APRIL 2011 TO FINALIZE ITS ONE MILLION MT COAL SUPPLIER
COALspot.com - Karnataka Power Corporation (KPCL) a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 ...
Monday, 18 April 11
INDONESIA HAS SET THE APRIL 2011 COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.02 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the April 2011 Indonesian Coal Reference Price for thermal coal at ...
|
|
|
Showing 5301 to 5305 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
|
| |
| |
|
