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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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Friday, 24 May 13
US'S COAL PRODUCTION INCREASED WEEK ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.90 million short tons (mmst) of ...
Friday, 24 May 13
OPG POWER VENTURES OF INDIA LOOKING FOR 210,000 MT OF 4,200 GAR INDONESIAN THERMAL COAL
COALspot.com - OPG Power Ventures Plc (OPG) is an AIM listed (London Stock Exchange) and fast growing developer and operator of power plants in Indi ...
Thursday, 23 May 13
HANDY : THE ATLANTIC MARKET REMAINS UNCHANGED - FEARNRESEARCH
Handy
The Atlantic market remains unchanged. USG-Feast rates were around USD 19k. Little change from last week in the Pacific, fewer stems and tonn ...
Thursday, 23 May 13
COLOMBIA SHIPPED 11.74 MILLION TONS OF THERMAL COAL IN Q1
COALspot.om - Colombia produced about 18,388,972.94 mt of coal for the first quarter of 2013.
Q1' 2013 coal production was around 21.42 p ...
Wednesday, 22 May 13
COKAL SIGNS JV WITH MDM, FOR BARITO RIVER BARGING
COALspot.com - Cokal Limited (ASX: CKA) has announced that it has entered into a 50:50 Joint Venture (JV) with Meratus Advance Maritime (MDM) one of ...
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- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- PTC India Limited - India
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
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