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Thursday, 03 May 12
MINERS DEMAND LEGAL CERTAINTY ON PRE-BAN INTERIM POLICY - THE JAKARTA POST
 The Jakarta Post reported that, Mining companies represented by the Indonesian Mining Association (IMA) welcomed the government’s plan to impose export duty on 14 mineral commodities starting May 6, seeing the initiative as a step in the right direction in replacing the initial plan to entirely ban the exporting of commodities.
In a statement issued on Wednesday, the IMA said the ministerial decree on the export ban, which was introduced in February and was set to become effective on May 7, had created much controversy due to the speed of its planned implementation; far earlier than the 2014 deadline set by the 2009 Mining Law, which would have left most mining companies unable to comply.
The government had argued that the quick implementation of the export ban was aimed at avoiding over-exploitation by miners ahead of the 2014 deadline, and to ensure that supplies were secured to meet growing domestic demand.
“The IMA appreciates the government’s [new] plan to issue and implement export taxes on 14 mineral commodities … We hope that given the intention to make Ministerial Decree No. 7/2012 effective on May 6, there will be further clarification from the government on its implementation,” IMA chairman, Martiono Hadianto, said.
Previously, after a wave of protests from mining companies, the government said they could continue exporting as long as certain conditions were met; namely, mining companies had to sign integrity pacts agreeing that in 2014 they would stop exporting metal ore, and they would have to submit a comprehensive proposal on whether they wanted to build smelters -- individually or in joint ventures -- or sell their products domestically.
The government revealed that as many as 17 companies had proposed to build smelters in Indonesia, in addition to the 19 companies that had previously submitted similar plans to the Energy and Mineral Resources Ministry. Altogether, Indonesia will have a total of 36 new smelters built over the next few years.
The IMA has requested that the changes to the export ban regulation be adapted into a new regulation so as to provide legal certainty for all mining companies’ operations.
A mining expert from the Institute for Essential Services Reform, Fabby Tumiwa, agreed that the government needed to provide a legal framework.
“The 2009 Law on Minerals and Coal sets the deadline at 2014, but the ministerial regulation stipulates it’s this month. Now we hear about the government’s plan to apply export tax on metal ore. What can be taxed if raw-material exports have been fully banned?” he said.
He suggested the government revoke the regulation or revise it with a clearer, new regulation to accommodate the export duty.
Ahead of the implementation of the export tax, the IMA also warned the government to consider the fact that mining companies were already paying on average 30 percent taxation on their income.
“We hope the implementation of the export tax will not adversely affect the investment climate in Indonesia and lead to less foreign investment,” Martiono said.
According to Energy and Mineral Resources Minister Jero Wacik, the export taxes, which will be announced by the Finance
Ministry on May 6, will range between 20 and 50 percent of a commodity’s sale value.
State mining firm PT Aneka Tambang’s (Antam) president director, Alwinsyah Lubis, acknowledged that the planned duty would be a challenge for mining companies. But, he understood the government’s goal to prevent over-exploitation of natural resources while awaiting the raw materials export ban to be fully implemented in 2014.
“Business-wise, it will indeed add a greater burden to companies, but I think it is still bearable,” he said in a recent exclusive interview with The Jakarta Post.
Source: The Jakarta Post
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Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
The ...
Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023
Oil prices came under some pressure yesterday with ICE Brent settling a litt ...
Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
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- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
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