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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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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
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