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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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Saturday, 12 May 12
THE SHIPPING MARKET IS UNLIKELY TO SEE A REBOUND ANYTIME SOON - VISTAAR SINGAPORE
COALspot.com - The BDI softened this week and it was down by 1.64 pct closing at 1,138 points.
The cape index was up by 2.41 pct closing at 1,61 ...
Friday, 11 May 12
POLITICAL CHANGES COULD LEAD TO TEMPORARY HALT IN SHIPPING INVESTMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The potential of changes of political leadership in many of the world’s leading economies could very well lead to significant shifts in the di ...
Thursday, 10 May 12
DRY BULK ERRATIC ON LACK OF DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept up its erratic behavior as it went down again during yesterday’s session, on a lack of direct guidance in terms o ...
Wednesday, 09 May 12
COAL INDIA SIGNS FSAS WITH 13 POWER UNITS SO FAR - PTI
Press Trust of India has reported that, coal India has so far entered into fuel supply pacts with 13 power units, including Reliance Power's Rosa P ...
Tuesday, 08 May 12
DRY BULK MARKET LOOKING FOR NEW DIRECTION THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the BDI (Baltic Dry Index) the main benchmark of the dry bulk shipping industry not traded at the start of this week, traders, charterers and s ...
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- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Mercator Lines Limited - India
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
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