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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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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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- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
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