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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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Sunday, 07 July 13
COAL PRICES REMAIN UNDER PRESSURE
COALspot.com – Coal swaps for the year 2014 indicate that, the pressure on coal prices will continue at least until next year. Ave ...
Friday, 05 July 13
THE DRY BULK MARKET IS GOING FROM STRENGTH TO STRENGTH - INTERMODAL
The Capesize sector has been one that has gone through a wild rollercoaster of emotions this past decade, ranging from the exuberance witnessed duri ...
Thursday, 04 July 13
CHALLENGER SIGNS FORMAL EXCLUSIVE MINING AND MARKETING AGREEMENT FOR ABBR PROJECT IN CENTRAL KALIMANTAN
COALspot.com - Challenger Deep Resources Corp., through its subsidiary PT Bestindo Energy has signed the formal exclusive Mining and Marketing agree ...
Thursday, 04 July 13
ASX LISTED QBL TO ACQUIRE INTERESTS IN MOZAMBIQUE COAL EXPLORATION LICENSES
- QBL to acquire interests in two Mozambique exploration licences prospective for coal
- Licenses located in the highly prospective Zambezi basin, ...
Thursday, 04 July 13
HANDY : INDO/CHINA, CHARTERERS RATING AROUND US$ 10,000 - FEARNLEYS AS
Handy
The Feast market firmed slightly up as mid-July cargos entered the market, but charterers seems not in hurry to cover them and looking for ch ...
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- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Australian Coal Association
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Planning Commission, India
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
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