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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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Tuesday, 09 July 13
NEWCASTLE COAL EXPORTS JUMP 27.53% ON WEEK TO 2.97 MILLION MT
COALspot.com - Newcastle Coal exports up 27.53% to 2.97 million tons W-o-W.
Newcastle port in Australia has loaded 2,974,715 tons of coal for the ...
Tuesday, 09 July 13
CAPESIZE: SHOT UP; PANAMAXES: NOT SO LUCK; SUPRAS: SLIGHTLY BETTER; HANDIES: SOFT - INTERMODAL
COALspot.com : June 2013 Recap
A renewed Capesize market this month (June 2013) was the cause for much of the overall noteworthy performanc ...
Tuesday, 09 July 13
THE 11TH DEEP COAL PROCESSING FORUM 2013
Press Release : The 11th Deep Coal Processing Forum 2013 will be held in November Beijing China.
CDMC Events is pleased to announce that 11 ...
Monday, 08 July 13
ECO-FRIENDLY COAL FOR CHINA - VALUE FOR THE ENVIRONMENT AND VALUE FOR THE POWER GENERATOR - BY: LINDSAY JUNIPER
COALspot.com : January 2013 saw an episode of extreme particulate pollution in Beijing 35 times worse than the safe level recommended by the World H ...
Sunday, 07 July 13
FREIGHT MARKET IS EXPECTED TO BE SOFT TO STABLE NEXT WEEK- VISTAAR
COALspot.com - The freight market softened for the week ended 5 July 2013, and experienced a decline in all sectors, including BDI. Bulk dry Index d ...
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- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Deloitte Consulting - India
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Planning Commission, India
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
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