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.
|
|
Thursday, 06 October 22
COAL INDIA ASKED TO ENHANCE SUPPLY TO THERMAL POWER PLANTS - IANS
With the festival season round the corner, Coal India Ltd. has been directed by the government to scale up dispatch to thermal power plants.
&n ...
Wednesday, 05 October 22
BUNKER PRICES DOWN AGAIN; IS THERE MORE TO COME? - INTEGR8 FUELS
It’s the economy…..”
VLSFO prices are now back to levels at the start of this year. After all the extremes of thi ...
Wednesday, 05 October 22
MARKET INSIGHT - INTERMODAL
Amid the looming western sanctions on Russia, the country is challenged to pivot its energy markets away from Europe and toward the East. Yet, Russ ...
Tuesday, 04 October 22
A REMARKABLE SHIFT IN FORTUNES HAS BEEN NOTED IN THE CRUDE OIL TANKER MARKETS - ALLIED SHIPPING
A remarkable shift in fortunes has been noted in the crude oil tanker markets over the past month, yet despite these shifts being seemingly in thei ...
Tuesday, 04 October 22
OIL PRICES COULD SOON RETURN TO $100 AS OPEC+ CONSIDERS ‘HISTORIC’ CUT, ANALYSTS SAY - CNBC
An influential alliance of some of the world’s most powerful oil producers is reportedly considering their largest output cut since the start ...
|
|
|
Showing 216 to 220 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Parliament of New Zealand
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Australian Coal Association
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
|
| |
| |
|
