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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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Monday, 11 March 13
SUB-BIT FOB INDONESIA COAL SWAPS FELL 1.41 PERCENT W-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 1.41percent and CFR South China coal shipment ...
Sunday, 10 March 13
INDIA - INDONESIA SUPRAMAX FREIGHT : FIRM TREND
COALspot.com – This week freight market was raised and remained firm in all segments.
The BDI was up by 6.70 pct closed at 843 points,  ...
Sunday, 10 March 13
INDONESIA'S FORESTRY DEPARTMENT IS TO INCREASE BORROW-TO-USE PERMITS (IJIN PINJAM PAKAI) FEE SOON
COALspot.com : Indonesia to increase borrows-to-use permit fees by 33.33 percent. The government of Indonesia is planning to increase the state&rsqu ...
Friday, 08 March 13
EKO SANTOSO BUDIANTO APPOINTED AS PRESDIENT DIRECTOR OF BERAU COAL ENERGY
COALspot.com - PT Berau Coal Energy has appointed Eko Santoso Budianto as new president director, replacing Rosan Roeslani. Berau’s extraordin ...
Friday, 08 March 13
INDONESIAN HBA UP FOR FIVE CONSECUTIVE MONTHS
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in March 2013.
The monthly coal reference ...
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- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
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- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
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- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
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- Eastern Energy - Thailand
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- Kideco Jaya Agung - Indonesia
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- Interocean Group of Companies - India
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- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
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- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
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- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
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- Sojitz Corporation - Japan
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- Neyveli Lignite Corporation Ltd, - India
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- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
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- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
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- Therma Luzon, Inc, Philippines
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- White Energy Company Limited
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- PTC India Limited - India
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
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- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
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- Bhatia International Limited - India
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- Thai Mozambique Logistica
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- Electricity Authority, New Zealand
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- Planning Commission, India
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- Medco Energi Mining Internasional
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- Economic Council, Georgia
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- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
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