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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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Tuesday, 19 March 13
SHIP PRICES COULD BE CLOSING IN TO REACH THEIR BOTTOM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the latest developments in shipping asset prices has been the reluctance from shipyards to further reduce their price expectations to higher ...
Sunday, 17 March 13
A WEAK WEEK FOR SUB-BIT INDONESIA COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 2.11 percent and CFR South China coal shipment ...
Sunday, 17 March 13
COAL FREIGHT RATES STEADY ON HIGHER DEMAND - CAPT. REDDY
COALspot.com - This freight market continued to remain firm in all segments.
The BDI was up by 5.81 pct closing at 892 points. Cape index was up ...
Friday, 15 March 13
CHEAP SHIP VALUATIONS DON'T NECESSARILY MEAN ATTRACTIVE SAYS VESSELS VALUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship prices plunging by double-digits in the past few years, many ship owners are pondering their next moves in a market often described as att ...
Thursday, 14 March 13
SUPRAMAX : INDO - INDIA TRIP RATE IS AROUND $10,000; SOUTH CHINA $9500 - FEARNRESEARCH
Handy
Indian market is still quiet in respect of export of iron ore. WC India market has improved with a few stems out of the MEG, WC India opening ...
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- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- White Energy Company Limited
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
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