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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)
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Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
Tuesday, 17 January 23
MARKET INSIGHT - INTERMODAL
Rumor has it that the New Year has come, to set the pace in, for Russia to continue hostilities against Ukraine. Ten months on the go, into Russia& ...
Tuesday, 17 January 23
INDONESIA IS ACCOUNTING FOR 32.3% OF THE GLOBAL SEABORNE COAL MARKET IN 2022 - BENCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, Benchero ...
Tuesday, 10 January 23
INDONESIAN HBA IS SEEING A SPIKE IN JANUARY 2023 INSTEAD OF A SIGNIFICANT FALL IN DECEMBER 2022
COALspot.com: Indonesian Coal Price Reference up 8.43% in January 2023.
HBA is seeing a dramatic spike in January 2023 i ...
Sunday, 08 January 23
INDIAN COAL POWER PLANTS SHOULD BE COMPENSATED FOR 2022 FORCED GENERATION – REGULATOR : REUTERS
Indian power plants that rely on imported coal should be fully compensated when forced to supply electricity, the country’s power regulator s ...
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- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- White Energy Company Limited
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- The University of Queensland
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
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