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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, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- PowerSource Philippines DevCo
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Planning Commission, India
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
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