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

Sunday, 28 April 13
PANAMAX FREIGHT COULD BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - This BDI closed slightly lower at 871 points (down by 1.91 pct)  mainly due to drop in the Panamax index by almost 10 pct. Th ...


Saturday, 27 April 13
HANDY : SLIDING ; PANAMAX : POSITIVE ; CAPESIZE : STILL ON ITS KNEES - FEARNRESEARCH
Handy The Atlantic markets started sliding with no fresh cargoes seen in the market. The USG-Feast was at USD 18k and Black sea-Feast was at USD 11 ...


Saturday, 27 April 13
2ND CHINA INTERNATIONAL SHALE GAS SUMMIT
Press Release - 2nd China International Shale Gas Summit, 10-13 September 2013 | Chengdu, China *The largest annual event for the shale gas indus ...


Friday, 26 April 13
LIMA SUMMIT IN JULY TO HIGHLIGHT LATIN AMERICAN MINING POTENTIAL
COALspot.com - Latin American mining industry officials and their private sector counterparts will be gathering in Lima, Peru on July 1-2 for the La ...


Wednesday, 24 April 13
FUTURE US POWER MARKET SHARES OF COAL, NATURAL GAS GENERATORS DEPEND ON RELATIVE FUEL PRICES - EIA
COALspot.com - In recent years, in US, natural gas competed more effectively with coal as a fuel for electricity generation as the cost of operating ...


   859 860 861 862 863   
Showing 4301 to 4305 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 ...

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