COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 28 June 13
U.S. PRODUCED 1.52 PERCENT LESS COAL WEEK ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 19.40 million short tons (mmst) of ...


Thursday, 27 June 13
US COAL EXPORTS BEATS CHINESE COAL IMPORTS AS THE MOST INFLUENTIAL COAL TRADE - BIMCO
The influence of American coal exports on seaborne transportation has grown significantly over the past decade. In 2002, the US exported 20.1 millio ...


Thursday, 27 June 13
HANDY : USD 12000 FOR SPOT COAL INDO/CHINA AND AROUND USD 13000 INDO/ECI - FEARNLEYS
Handy Atlantic rates hold well. Continent to Far East is worth more than USD 14k daily whilst USG to Far East pay 23/24k a day. On the route from B ...


Thursday, 27 June 13
DRY BULK CARRIERS DOMINATE NEWBUILDING ORDERS AS SHIP OWNERS ARE ENCOURAGED BY LATEST FREIGHT RATE RALLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding orders for dry bulk carriers were already high, compared to last year, prior to the latest rally of the Baltic Dry Index (BDI), which ha ...


Tuesday, 25 June 13
CAPESIZE MARKET TO REMAIN BULLISH SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been experiencing its long-awaited rally, with the Baltic Dry Index, the industry's benchmark rising to healthier levels fo ...


   845 846 847 848 849   
Showing 4231 to 4235 news of total 6871
News by Category
Popular News
 
Total Members : 28,696
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Gupta Coal India Ltd
  • Sucofindo - Indonesia
  • Peabody Energy - USA
  • AsiaOL BioFuels Corp., Philippines
  • Cigading International Bulk Terminal - Indonesia
  • VISA Power Limited - India
  • Ind-Barath Power Infra Limited - India
  • Salva Resources Pvt Ltd - India
  • APGENCO India
  • TeaM Sual Corporation - Philippines
  • DBS Bank - Singapore
  • Maharashtra Electricity Regulatory Commission - India
  • World Coal - UK
  • Tata Power - India
  • Pendopo Energi Batubara - Indonesia
  • Tata Chemicals Ltd - India
  • Global Coal Blending Company Limited - Australia
  • Chettinad Cement Corporation Ltd - India
  • Vale Mozambique
  • The State Trading Corporation of India Ltd
  • Core Mineral Indonesia
  • GHCL Limited - India
  • Argus Media - Singapore
  • Ernst & Young Pvt. Ltd.
  • Standard Chartered Bank - UAE
  • Adani Power Ltd - India
  • Deutsche Bank - India
  • Central Electricity Authority - India
  • Ministry of Transport, Egypt
  • Goldman Sachs - Singapore
  • Tamil Nadu electricity Board
  • Star Paper Mills Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • Inco-Indonesia
  • Coal India Limited
  • TGV SRAAC LIMITED, India
  • Merrill Lynch Bank
  • PetroVietnam
  • Jatenergy - Australia
  • Kepco SPC Power Corporation, Philippines
  • PowerSource Philippines DevCo
  • Global Business Power Corporation, Philippines
  • Mjunction Services Limited - India
  • Metalloyd Limited - United Kingdom
  • Rashtriya Ispat Nigam Limited - India
  • McKinsey & Co - India
  • Thiess Contractors Indonesia
  • Enel Italy
  • PLN Batubara - Indonesia
  • Banpu Public Company Limited - Thailand
  • GAC Shipping (India) Pvt Ltd
  • OCBC - Singapore
  • Commonwealth Bank - Australia
  • Indonesia Power. PT
  • ASAPP Information Group - India
  • Sarangani Energy Corporation, Philippines
  • Total Coal South Africa
  • Cemex - Philippines
  • Therma Luzon, Inc, Philippines
  • Barasentosa Lestari - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Makarim & Taira - Indonesia
  • Fearnleys - India
  • Uttam Galva Steels Limited - India
  • Mintek Dendrill Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Romanian Commodities Exchange
  • ACC Limited - India
  • Idemitsu - Japan
  • Pipit Mutiara Jaya. PT, Indonesia
  • Shenhua Group - China
  • TANGEDCO India
  • globalCOAL - UK
  • Baramulti Group, Indonesia
  • Coeclerici Indonesia
  • Samtan Co., Ltd - South Korea
  • Borneo Indobara - Indonesia
  • Anglo American - United Kingdom
  • GNFC Limited - India
  • Trasteel International SA, Italy
  • Barclays Capital - USA
  • Jindal Steel & Power Ltd - India
  • JPMorgan - India
  • IMC Shipping - Singapore
  • JPower - Japan
  • Binh Thuan Hamico - Vietnam
  • Maersk Broker
  • Reliance Power - India
  • Australian Commodity Traders Exchange
  • Vedanta Resources Plc - India
  • Asian Development Bank
  • Straits Asia Resources Limited - Singapore
  • Bangladesh Power Developement Board
  • Cargill India Pvt Ltd
  • Aboitiz Power Corporation - Philippines
  • Thermax Limited - India
  • Energy Link Ltd, New Zealand
  • ETA - Dubai
  • Britmindo - Indonesia
  • IBC Asia (S) Pte Ltd
  • OPG Power Generation Pvt Ltd - India
  • Xstrata Coal
  • MEC Coal - Indonesia
  • SUEK AG - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • U S Energy Resources
  • Sindya Power Generating Company Private Ltd
  • Kaltim Prima Coal - Indonesia
  • McConnell Dowell - Australia
  • Bhatia International Limited - India
  • Wood Mackenzie - Singapore
  • Platts
  • Parry Sugars Refinery, India
  • Xindia Steels Limited - India
  • CCIC - Indonesia
  • Mitsui
  • Jaiprakash Power Ventures ltd
  • Surastha Cement
  • Chamber of Mines of South Africa
  • Permata Bank - Indonesia
  • Berau Coal - Indonesia
  • ANZ Bank - Australia
  • Thriveni
  • Directorate Of Revenue Intelligence - India
  • Bayan Resources Tbk. - Indonesia
  • Marubeni Corporation - India
  • Tanito Harum - Indonesia
  • Carbofer General Trading SA - India
  • San Jose City I Power Corp, Philippines
  • CESC Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • Petrosea - Indonesia
  • White Energy Company Limited
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Eastern Coal Council - USA
  • London Commodity Brokers - England
  • KPMG - USA
  • Gujarat Mineral Development Corp Ltd - India
  • Savvy Resources Ltd - HongKong
  • TNPL - India
  • Kobe Steel Ltd - Japan
  • Shree Cement - India
  • Maruti Cements - India
  • GB Group - China
  • Gresik Semen - Indonesia
  • Freeport Indonesia
  • WorleyParsons
  • Adaro Indonesia
  • Price Waterhouse Coopers - Russia
  • Karbindo Abesyapradhi - Indoneisa
  • Sical Logistics Limited - India
  • Altura Mining Limited, Indonesia
  • Mercuria Energy - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Moodys - Singapore
  • Bank of China, Malaysia
  • Merrill Lynch Commodities Europe
  • Toyota Tsusho Corporation, Japan
  • NALCO India
  • Madhucon Powers Ltd - India
  • New Zealand Coal & Carbon
  • Posco Energy - South Korea
  • Kobexindo Tractors - Indoneisa
  • Holcim Trading Pte Ltd - Singapore
  • Sree Jayajothi Cements Limited - India
  • Timah Investasi Mineral - Indoneisa
  • KPCL - India
  • Energy Development Corp, Philippines
  • Indika Energy - Indonesia
  • UBS Singapore
  • SASOL - South Africa
  • Medco Energi Mining Internasional
  • BRS Brokers - Singapore
  • GVK Power & Infra Limited - India
  • Economic Council, Georgia
  • Australian Coal Association
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • PTC India Limited - India
  • Cardiff University - UK
  • Africa Commodities Group - South Africa
  • IHS Mccloskey Coal Group - USA
  • Ceylon Electricity Board - Sri Lanka
  • Humpuss - Indonesia
  • Heidelberg Cement - Germany
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Georgia Ports Authority, United States
  • Bhoruka Overseas - Indonesia
  • SMG Consultants - Indonesia
  • Coal Orbis AG
  • Karaikal Port Pvt Ltd - India
  • India Bulls Power Limited - India
  • Inspectorate - India
  • J M Baxi & Co - India
  • Power Finance Corporation Ltd., India
  • Larsen & Toubro Limited - India
  • CoalTek, United States
  • Ministry of Mines - Canada
  • Port Waratah Coal Services - Australia
  • Maybank - Singapore
  • Essar Steel Hazira Ltd - India
  • Kartika Selabumi Mining - Indonesia
  • RBS Sempra - UK
  • MS Steel International - UAE
  • Mitsubishi Corporation
  • Semirara Mining and Power Corporation, Philippines
  • The Treasury - Australian Government
  • Indo Tambangraya Megah - Indonesia
  • Orica Australia Pty. Ltd.
  • Independent Power Producers Association of India
  • Mercator Lines Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • NTPC Limited - India
  • Riau Bara Harum - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Noble Europe Ltd - UK
  • Latin American Coal - Colombia
  • European Bulk Services B.V. - Netherlands
  • Leighton Contractors Pty Ltd - Australia
  • Bangkok Bank PCL
  • Krishnapatnam Port Company Ltd. - India
  • Bank of America
  • GN Power Mariveles Coal Plant, Philippines
  • Kohat Cement Company Ltd. - Pakistan
  • Mechel - Russia
  • SMC Global Power, Philippines
  • Billiton Holdings Pty Ltd - Australia
  • Planning Commission, India
  • SN Aboitiz Power Inc, Philippines
  • Arutmin Indonesia
  • Deloitte Consulting - India
  • Indian School of Mines
  • IOL Indonesia
  • EMO - The Netherlands
  • Minerals Council of Australia
  • Ince & co LLP
  • Formosa Plastics Group - Taiwan
  • Glencore India Pvt. Ltd
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • KOWEPO - South Korea
  • Renaissance Capital - South Africa
  • PetroVietnam Power Coal Import and Supply Company
  • Bharathi Cement Corporation - India
  • Attock Cement Pakistan Limited
  • Bukit Baiduri Energy - Indonesia
  • Agrawal Coal Company - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Bhushan Steel Limited - India
  • KEPCO - South Korea
  • Coalindo Energy - Indonesia
  • Qatrana Cement - Jordan
  • Infraline Energy - India
  • Iligan Light & Power Inc, Philippines
  • Meralco Power Generation, Philippines
  • Interocean Group of Companies - India
  • World Bank
  • Asmin Koalindo Tuhup - Indonesia
  • The India Cements Ltd
  • Asia Cement - Taiwan
  • Grasim Industreis Ltd - India
  • Sojitz Corporation - Japan
  • Thomson Reuters GRC
  • Siam City Cement - Thailand
  • Panama Canal Authority
  • Clarksons - UK
  • Lafarge - France
  • Runge Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Videocon Industries ltd - India
  • Credit Suisse - India
  • TRAFIGURA, South Korea
  • Japan Coal Energy Center
  • Arch Coal - USA
  • SGS (Thailand) Limited
  • Meenaskhi Energy Private Limited - India
  • HSBC - Hong Kong
  • Indian Oil Corporation Limited
  • Kalimantan Lumbung Energi - Indonesia
  • ICICI Bank Limited - India
  • Indogreen Group - Indonesia
  • Coaltrans Conferences
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Electricity Generating Authority of Thailand
  • Vizag Seaport Private Limited - India
  • Eastern Energy - Thailand
  • CNBM International Corporation - China
  • Bukit Asam (Persero) Tbk - Indonesia
  • Malco - India
  • Dalmia Cement Bharat India
  • Orica Mining Services - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Gujarat Sidhee Cement - India
  • Parliament of New Zealand
  • BNP Paribas - Singapore
  • Samsung - South Korea
  • Kumho Petrochemical, South Korea
  • Malabar Cements Ltd - India
  • Platou - Singapore
  • Thailand Anthracite
  • Cement Manufacturers Association - India
  • PLN - Indonesia
  • bp singapore
  • Geoservices-GeoAssay Lab
  • Vitol - Bahrain
  • Mitra SK Pvt Ltd - India
  • Bulk Trading Sa - Switzerland
  • Ambuja Cements Ltd - India
  • Ministry of Finance - Indonesia
  • Intertek Mineral Services - Indonesia
  • SRK Consulting
  • Pinang Coal Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Edison Trading Spa - Italy
  • Sinarmas Energy and Mining - Indonesia
  • Rudhra Energy - India
  • Coal and Oil Company - UAE
  • Global Green Power PLC Corporation, Philippines
  • Indonesian Coal Mining Association
  • Globalindo Alam Lestari - Indonesia
  • Cosco
  • Indorama - Singapore
  • Rio Tinto Coal - Australia
  • Thai Mozambique Logistica
  • International Coal Ventures Pvt Ltd - India
  • Oldendorff Carriers - Singapore
  • Directorate General of MIneral and Coal - Indonesia
  • Siam City Cement PLC, Thailand
  • Singapore Mercantile Exchange
  • Semirara Mining Corp, Philippines
  • Indian Energy Exchange, India
  • CIMB Investment Bank - Malaysia
  • Lanco Infratech Ltd - India
  • Aditya Birla Group - India
  • Sakthi Sugars Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • The University of Queensland
  • Simpson Spence & Young - Indonesia
  • Antam Resourcindo - Indonesia
  • Central Java Power - Indonesia
  • Coastal Gujarat Power Limited - India
  • ING Bank NV - Singapore
  • Maheswari Brothers Coal Limited - India
  • Cebu Energy, Philippines
  • EIA - United States
  • Electricity Authority, New Zealand
  • Wilmar Investment Holdings
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Petron Corporation, Philippines
  • IEA Clean Coal Centre - UK
  • Alfred C Toepfer International GmbH - Germany
  • South Luzon Thermal Energy Corporation
  • UOB Asia (HK) Ltd
  • Russian Coal LLC
  • GMR Energy Limited - India