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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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Saturday, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
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- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Wilmar Investment Holdings
- The University of Queensland
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
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