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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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Saturday, 04 February 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 6,000 PER DAY - VISTAAR
COALspot.com - The markets continued to soften which dropped by almost 11 pct and BDI closing at 647 points.
The drop in BDI was mainly due to dr ...
Thursday, 02 February 12
NO RELIEF YET FOR DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although at the start of 2012 nobody can claim that the global seaborne trade has suddenly come to a halt, quite the contrary, it seems that the dry ...
Wednesday, 01 February 12
KRISHNAPATNAM PORT - GOING DEEP TO SOAR HIGH
COALspot.com - Krishnapatnam Port now rightfully claims as the deepest draft port in India, as it has started accepting vessels with maximum permiss ...
Wednesday, 01 February 12
IN JAMBI, MOST MINING COMPANIES LACK 'CLEAR-AND-CLEAN' PERMITS - JP
More than three-quarters of the 386 mining companies in Jambi lack “clear-and-clean” certifications from the government, according to an ...
Wednesday, 01 February 12
2% OF IBPS TOTAL CONCESSION AREA CONTAINS TOTAL COAL RESOURCE OF 56.1 MILLION TON
COALspot.com - PT. Britmindo, a mine consulting firm, has finalized PT. Insani Bara Perkasa (IBP) first JORC (Joint Ore Reserves Committee) res ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- The University of Queensland
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
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