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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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Wednesday, 03 July 13
NEWCASTLE COAL EXPORTS DIP 24.79 PER CENT WOW
COALspot.com - Newcastle Coal exports fell 24.79% to 2.33 million tons WoW.
Newcastle port in Australia has loaded 2,332,513 tons of coal for the ...
Monday, 01 July 13
12TH CLEAN COAL FORUM INDONESIA 2013
Press Release: Produced by CDMC Events, The 12th Clean Coal Forum Indonesia 2013 will be held on Dec 5-6,2013 in Jakarta, Indonesia. It will generat ...
Monday, 01 July 13
INDIA AND CHINA STILL DOMINATING THE INDONESIAN THERMAL COAL EXPORT MARKET
COALspot.com: Indonesia, the world's largest multi types coal exporter shipped 35.83* million tons of coal in May 2013, 1.40 per cent l ...
Sunday, 30 June 13
YEAR 2014 INDO SUB-BIT COAL SWAPS EXPECTED TO STAY BELOW 2013 LEVEL
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average August 2013 delivery have gained 0.08 percent on a day lost on week ...
Sunday, 30 June 13
CAPESIZE RATES SEEN INCREASING ON HIGH DEMAND - VISTAAR
COALspot.com - The BDI continued to rise and saw a big gain on Friday. BDI increased 14 per cent week ended 28 June 2013, closed at 1171 points driv ...
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- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- The University of Queensland
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- PowerSource Philippines DevCo
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