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Friday, 13 April 12
S&P CAUTIONS AGAINST NEW INDONESIAN MINING REGULATIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Investors may have expressed concerns about looming new mining regulations, but ratings agency Standard & Poor’s says it doubts the government will implement them strictly.
“Whether the government of Indonesia will follow up on its hard-line stance is still a question,” the ratings agency said in its latest report on mining.
However, S&P added that “our ratings on mining companies operating in Indonesia have long factored in the country’s evolving regulations. Therefore, our credit outlook on the sector remains stable.”
The government this year issued a series of controversial mining regulations, including plans for an ore export ban, higher royalties, a ceiling on foreign ownership of mining assets, a required upgrade in coal quality before export and so-called “contract of work” renegotiations.
“Not a week has passed without government officials calling for additional royalties, a review of ownership rules or a more equal redistribution of mineral wealth,” S&P said in the report.
Industry Minister M.S. Hidayat was on Thursday quoted by Reuters reiterating an earlier statement by his ministry that the government is studying a 25 percent tax on mining exports this year that will become a 50 percent tax in 2013.
S&P said that if the move is strictly implemented, it “would undeniably hurt Indonesian mining companies as well as international companies that have mining operations in Indonesia. It would raise the cost of doing business in the sector and lessen its attractiveness to investors.”
The ratings agency said that it believed “the government of Indonesia will take a pragmatic approach while implementing mining regulations, given the sector’s economic importance.”
Last year, the government received $6.5 billion in taxes and royalties from mining companies, constituting 5 percent of total government revenue.
Dileep Srivastava, the investor relations director at large coal miner Bumi Resources, expressed concern about the tax.
“If this is enacted, some of our metals and minor coal assets may be vulnerable,” he said.
“But it is premature to form any view yet.”
Source: The Jakarta Globe
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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Showing 6 to 10 news of total 6871 |
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- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Economic Council, Georgia
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
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