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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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Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month ...
Monday, 04 June 12
MITRABAHTERA SUBSIDIARY SECURES CONTRACT FROM BERAU COAL - INSIDER STORIES
Insider Stories reported that, PT Mitra Alam Segara Sejati, a subsidiary that is 60% owned by PT Mitrabahtera Segara Sejati Tbk (MBSS), has secur ...
Sunday, 03 June 12
TTI ESTABLISHES COAL TRADING & MARKETING OFFICE
COALspot.com - TTI has officially established its coal trading, marketing-office in Jakarta, Indonesia. PT. Gunung Tinggi Coal is the TTI’s fi ...
Sunday, 03 June 12
FREIGHT MARKET CONTINUING ITS DECLINE
COALspot.com - The BDI continued to fall for the fifth straight week and the BDI fell by 2.57 pct this week closing at 904 points.
The Cape Size ...
Friday, 01 June 12
TNPL HAS SECURED 300K MT OF 6000 GAD COAL AT US$ 81 CNF TUTICORIN
COALspot.com - An India based coal trader Adani has offered the lowest price of US$ 81.00 per metric ton for calorific value of 6000 GAD and 15 perc ...
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- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Planning Commission, India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
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