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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, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICR ...
Monday, 02 January 23
CHINA’S COAL CONSUMPTION TO PEAK BY 2035: REPORT - REUTERS
China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant Chi ...
Thursday, 29 December 22
INDIA'S COAL DEMAND LIKELY TO PEAK BETWEEN 2030-2035: MINISTER - ANI
The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralha ...
Thursday, 29 December 22
RIO TINTO AND PARTNERS COULD RECEIVE AS MUCH AS $450M IN GOVERNMENT COMPENSATION FOR COAL PRICE CAP - THE GUARDIAN
Compensation payments for the Gladstone power plant remain the sticking point in the federal government’s coal price cap compensation negotia ...
Wednesday, 28 December 22
MARKET INSIGHT - INTERMODAL
The United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade wou ...
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- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Planning Commission, India
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- The University of Queensland
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
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