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Friday, 13 April 12
MINERS OPPOSE GOVTS EXPORT TAX PLAN - THE JAKARTA POST
 The Jakarta Post reported that, Indonesian mining companies have strongly protested the government’s plan to impose a 25 percent export tax on mineral ores and coal, saying that the measure would severely hurt their businesses because they already pay high income tax rates.
The executive director of the Indonesian Mining Association (IMA), Syahrir Abubakar, said in Jakarta on Thursday that the government should be aware that under their contracts of work, miners paid a corporate income rate of between 35 and 45 percent, which was higher than the 25 percent imposed on other companies.
“Some of them pay between 35 percent and 45 percent even though the 2008 Income Tax Law regulates that the tax is only 25 percent,” he told reporters on the sidelines of the launch of the Mining & Engineering Indonesian Exhibition in Jakarta on Thursday.
If the government insists on applying the export tax, it should also declare that all companies pay tax according to prevailing laws, and not based on their contracts, he said. Currently, contracts of work in the country use the principle of “nail down” in which the taxes paid by miners follow the regulations in force when the contracts were signed, he explained.
“It’s no problem if the government wants to increase its revenue by applying new taxes, but it has to ensure that all the companies are on the same level playing field and are getting the same treatment. If not, this will kill the companies,” Syahrir said.
The government has the power to call all contract holders and inform them that it will apply the prevailing laws in tax payment and therefore the conditions in the contracts have to be renegotiated, he said.
“There’s nothing wrong with the government’s desire to boost tax revenue, but it has to do it in a way that doesn’t endanger the miners,” he said.
He said the government had never invited mining companies to discuss the plan.
Supriatna Suhala, the executive director of the Indonesian Coal Mining Association (APBI), agreed with Syahrir that equal treatment for all miners was necessary. However, he warned that implementing the plan would be difficult if not impossible.
“If the government insists, we have to revise the content of the 2009 Minerals and Coal Law. Our contracts with the government must also be renewed. What we need is equal treatment. Now, companies pay taxes and royalties in different amounts,” he said over the phone.
“In my opinion, this plan will do more harm than good.”
The discourse over the export tax first began following Industry Minister MS Hidayat’s statement that the policy was aimed at preventing companies overexploiting the county’s mineral resources and selling it in ore form without thinking about the future of the nation’s reserves.
The planned tax will supplement the government’s decision to ban mineral ore exports in 2014, which is mandated by the 2009 Minerals and Coal Law and a 2012 ministerial regulation.
When asked about the export duty, the Energy and Mineral Resources Ministry’s director general for minerals and coal, Thamrin Sihite, declined to comment.
Source: The Jakarta Post
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Monday, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...
Friday, 14 July 23
CLEAN COAL USE KEY TO DEEP CUTS IN EMISSIONS, STABLE ELECTRICITY SUPPLY - CHINA DAILY
China must push for the clean use of coal and step up integration of the dirty fuel with carbon capture, utilization and storage to achieve sustain ...
Thursday, 13 July 23
VIETNAM'S COAL EMISSIONS PRIMED FOR SURGE AFTER IMPORTS JUMP - REUTERS
Vietnam’s thermal power emissions are primed for a steep climb this summer after the country’s imports of thermal coal soared to their ...
Monday, 26 June 23
COAL PRODUCTION AND CONSUMPTION UP IN 2022 - EUROSTAT
In 2022, EU coal production and consumption continued to increase, reaching 349 million tonnes (+5% compared with the previous year) and 454 millio ...
Wednesday, 21 June 23
QATAR STRIKES SECOND BIG LNG SUPPLY DEAL WITH CHINA - REUTERS
Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead i ...
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- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Australian Coal Association
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
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