We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 16 April 23
CHINA JUGGLES FOUR MAJOR ECONOMIC CHANGES IN 2023 - WOOD MACKENZIE
Change is afoot in China. Economic growth is slowing, while rising political tensions between China and the US, coupled with global supply chain re ...
Sunday, 16 April 23
CHINA'S MARCH COAL IMPORTS JUMP TO 3-YEAR HIGH - REUTERS
China’s coal imports surged in March to their highest in any month over the past three years as utilities increased purchases on expectations ...
Sunday, 16 April 23
OPEC KEEPS WORLD OIL DEMAND GROWTH OUTLOOK UNCHANGED
The OPEC Reference Basket (ORB) declined in March by $3.43, or 4.2%, m-o-m to average $78.45/b. The ICE Brent first-month contract fell by $4.33, o ...
Sunday, 16 April 23
CHEAPER SPOT LNG PRICES TEMPT SOME ASIAN BUYERS AMID SUPPLY GAINS - REUTERS
Cheaper spot prices for liquefied natural gas (LNG) are luring price-sensitive buyers back in Asia, with China and India recording rising imports i ...
Tuesday, 11 April 23
COAL USE CLIMBS WORLDWIDE DESPITE PROMISES TO SLASH IT - AAP
The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that is the bigges ...
|
|
|
Showing 106 to 110 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- PTC India Limited - India
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
|
| |
| |
|
