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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, 26 February 13
10TH CLEAN COAL FORUM WILL BE HELD ON JUNE 2013
CDMC Events will be presenting the 10th Clean Coal Forum 2013 on June 13 - 14, 2013 in Beijing,China.
It will make you understand regulatory asp ...
Sunday, 24 February 13
COAL SWAPS INCH UP WEEK - ON - WEEK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.17 percent and CFR South China coal shipme ...
Sunday, 24 February 13
BDI FELL 1.72 PERCENT BUT FREIGHT MARKET FAIRLY STEADY - VISTAAR
COALspot.com - This freight market has been fairly steady this week but, BDI fell1.72 pct and closed at 740 points.
The cape index also joins BDI ...
Saturday, 23 February 13
IHS MCCLOSKEY 20TH ANNUAL COAL CONFERENCE OF THE AMERICAS
IHS McCloskey 20th Annual Coal Conference of the Americas to be held on 13-14 March 2013 in Cartagena, Colombia
IHS is pleased to invite you to t ...
Thursday, 21 February 13
HANDY : THE PACIFIC MARKET GOT FIRMED UP AS CHINESE CAME BACK FROM HOLIDAYS - FEARNLEYS
Handy
The Atlantic saw more cargoes than last week but rates remained unchanged as lot of ships in the market. The USG-Feast was at USD 18k and Bla ...
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- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Aditya Birla Group - India
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- The University of Queensland
- ASAPP Information Group - India
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
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