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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, 08 March 13
DRY BULK MARKET ON A RISING TREND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its rising pattern set after China opened up again for business, following the Asian New Year Holidays. As a resul ...
Thursday, 07 March 13
PANAMAX : POSITIVE TREND; CAPESIZE : GRADUALLY SLIDE - FEARNLEYS AS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 22k and Black sea-feast was at USD 12k. The ...
Tuesday, 05 March 13
NEWCASTLE PORT SHIPPED 20.77 PERCENT MORE COAL W/E 4 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,631,562 MT of thermal and coking coal for a week ended 0700 hours 4 March 2013, Newcas ...
Sunday, 03 March 13
INDONESIAN THERMAL COAL SWAPS; CHINA CONTRACTS FALL W-O-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 0.75 percent and CFR South China coal shipment&nbs ...
Sunday, 03 March 13
FREIGHT MARKET FROM INDONESIA EXPECTED TO BE FIRM - VISTAAR
COALspot.com – The freight market has been fairly firm this week except for cape size index.
The BDI was up by 4.64 points closing at 776 p ...
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- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Planning Commission, India
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Australian Coal Association
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
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