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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, 12 June 13
INDONESIAN COAL PRICE REFERENCE SLIDES TO 2013 LOW
COALspot.com - Indonesian Coal Price Reference continues to take its lumps this month, dropping about 0.54 % and hitting a 2013 low. The Indonesian ...
Tuesday, 11 June 13
COAL: NO SIGN OF RECOVERY - GABRIELLA
COALspot.com: We attended the 19th Annual Coaltrans Asia Conference, where we found most of the speakers were not very optimistic on the outlook for ...
Tuesday, 11 June 13
NEWCASTLE PORT SHIPPED MORE COAL WEEK ENDED 11 JUNE 2013
COALspot.com - Newcastle port in Australia has loaded 3,104,509 tons of coal for the week ended 0700 hours 11 June 2013, Newcastle Port Corp. ...
Tuesday, 11 June 13
OUTLOOK FOR CAPESIZES LOOKS GRIM, DESPITE FALLING IRON ORE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Things aren't looking all that rosy for the dry bulk market, despite a stronger volume of iron ore imports during the months of March and April, as ...
Sunday, 09 June 13
CFR SOUTH CHINA COAL SWAP IS UNDER PRESSURE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 0.03 percent week on week but gained 0.07 pe ...
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- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
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