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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
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Tuesday, 12 June 12
ITACHA RESOURCES BUYS SARANA MARINE - INSIDER STORIES
Insider Stories reported that, coal mining company PT Itacha Resources, a joint venture between Anthoni Salim and Glenn Yusuf, announced that Itacha ...
Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target.
According to Irwan Budiarto analyst at Bahana Securities, US ...
Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts.
The API 5 index represents 5,50 ...
Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points.
The Cape index also was down by 5.78 pct closing a ...
Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...
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- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- The University of Queensland
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- The Treasury - Australian Government
- PTC India Limited - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- White Energy Company Limited
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Planning Commission, India
- Indian Energy Exchange, India
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
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