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Friday, 18 May 12
EXPORT TAX WILL ERODE PROFITS, INDONESIAN COAL EXEC COMPLAINS - THE JAKARTA GLOBE
 The Jakarta Globe reported that, A 20 percent export duty the government has imposed on 14 mineral ore products will not only take a toll on mining companies’ profits but also cause problems in the domestic market, which won’t be able to absorb all the output, a mining executive said.
Ray Antonio Gunara, president director of Harum Energy (HRUM), a coal mining and logistics company with operations in East Kalimantan, said that his business already had to pay a 13.5 percent royalty and that the additional 20 percent would only cut deeper into its profit margin.
“If the policy is really implemented, it would mean that besides of the 13.5 percent royalty obligation, we will also have to pay another 20 percent to the government and therefore we will only get about 70 percent of sales,” Ray said.
The new rule — moved up to this year from 2014 — bans shipments of unprocessed gold, silver, platinum, copper, lead, nickel, zinc, iron ore and sand iron, manganese, chromium, molybdenum, bauxite and antimony in a bid to boost value-added products.
The government has made exceptions for miners that plan to build smelters. They will be taxed at an average of 20 percent on ore exports.
Some companies may end up holding back ore shipments if the new levy makes mining unprofitable and might focus instead on building smelters or selling domestically.
Ray said if wouldn’t be easy for sales to shift to the domestic market because its absorption rate was much smaller than the export market. Currently around 90 percent of mining products are exported.
However, Herman Afif Kusumo, head of the Indonesia Mining Community Presidium (MPI), said 20 percent was an acceptable level that local mining concerns could still afford. The new taxes were needed to prevent the rapid overexploitation of Indonesia’s natural resources, he said.
Source: The Jakarta Globe
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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
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