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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, 22 May 12
NEW ONE-YEAR TIME CHARTERS FOR TWO VESSELS OF EXCEL MARITIME CARRIERS LTD.
Excel Maritime Carriers Ltd. (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportat ...
Tuesday, 22 May 12
DRY BULK MARKET STEADY, AWAITING FURTHER RISE IN DEMAND WHICH IS DOUBTFUL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Traditionally, the second and third quarters of the year are the strongest for the dry bulk market, but this year, things seem to be quite subdued, ...
Sunday, 20 May 12
SPOT FREIGHT RATE DIPS FURTHER - VISTAAR
COALspot.com - The BDI was marginally up by 3 points (0.26 pct) closing at 1,141 points.
The cape index was up by 1.17 pct closing at 1,633 point ...
Saturday, 19 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP US$ 2.88 PMT W-O-W
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries have drops this week by 3.86 percent and& ...
Saturday, 19 May 12
INDONESIAN EXPORT TAX GIVES COAL MINERS A CHEAP RIDE: ANALYSTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s policy to exclude coal from an export tax that has been applied to 14 other mineral commodities h ...
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- Minerals Council of Australia
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- The University of Queensland
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
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