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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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Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- White Energy Company Limited
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- The University of Queensland
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
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