We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 17 May 12
COAL MINERS OPPOSE EXPORT TAX, SUGGEST OUTPUT QUOTA - THE JAKARTA POST
 The Jakarta Post reported that, coal miners have suggested that the government apply a production quota instead of implementing an export tax in order to prevent over-exploitation.
Supriatna Suhala, executive director of the Indonesian Coal Mining Association (APBI), said in Jakarta on Tuesday that a production quota for each company would be more acceptable than the export tax since coal miners currently paid different levels of tax to the government.
“For the first generation contracts of work [known as PKP2B], the royalty is 30 percent plus corporate tax at 45 percent, while for mining permits [IUP], issued after 2009, the royalty is only between 13.5 percent with 25 percent corporate tax,” he said.
“If the government applies the export tax, the first generation contract holders will be heavily burdened, they may also bring the regulation to arbitration. The export tax is a good idea as long as all companies are on a level playing field,” he continued.
The government had to study the plan very carefully, Supriatna urged. The association had sent a letter to the Finance Ministry’s fiscal agency to explain the situation faced by coal-mining companies, he added.
Imposing a production quota would be a better way to preserve Indonesia’s coal reserves, he suggested. He argued that the government had to set a national production quota and divide it among the existing coal-mining companies.
“Existing companies continuously expand their production and new companies arrive,” Supriatna emphasized.
However, he said the best way to utilize the country’s coal reserves was to burn them in mine-mouth power plants so that they supported economic growth and raised people’s living standards.
The Energy and Mineral Resources Ministry’s coal director, Edi Prasodjo, revealed that new regulations on coal mining and trading were currently under discussion and he could not comment on the progress.
He acknowledged that the increasing pace of coal production was indeed worrisome. The situation was made worse by the fact that most of the production was exported because domestic consumption was still very low, he added.
“I predict, next year, our production will hit 450 million tons,” Edi reported.
In the first quarter, APBI said, Indonesia’s coal production hit 108 million tons. Last year, the production was 370 million tons.
The government has already applied a 20 percent export tax on 14 mineral commodities, namely antimony, bauxite, chromium, copper, gold, iron ore, iron sand, lead, manganese, molybdenum, nickel, platinum, silver and tin.
Energy and Mineral Resources Minister Jero Wacik has said the government will also issue regulations to control coal production and trading.
The government has also issued a regulation limiting foreign ownership of mines to only 49 percent. The regulation will apply to mining permits, including for coal, issued after the regulation was approved on Feb. 21 this year.
Source: The Jakarta Post
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 07 July 12
EXCESS SUPPLY & WEAK DEMAND KEEP COAL PRICES LOW
COALspot.com - SGX AsiaClear OTC Coal Swaps for August and Q4 deliveries slipped slightly this week. SGX’s Indonesian sub-bituminous coal swap ...
Saturday, 07 July 12
BALTIC INDEX UP ON STRONG CAPE, PANAMAX RATES - VISTAAR
COALspot.com - This week all the segments were firmed up with BDI up by 15.23 pct (up by 153 points) closing at 1,157 points.
The cape index also ...
Saturday, 07 July 12
DRY BULK MARKET NOT ABLE TO FIND SOLID GROUND SAY EXPERTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the second half of each, traditionally looking the most active one, especially in terms of newbuildings being delivered, it's highly unlikely ...
Thursday, 05 July 12
GOVT GETS READY FOR $1.8B SUIT - THE JAKARTA POST
The Jakarta Post, one of the leading Indonesian English new papers reported that, several ministries and the Attorney General’s Office held a ...
Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 p ...
|
|
|
Showing 4666 to 4670 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Planning Commission, India
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
|
| |
| |
|
