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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, 05 February 13
NEWCASTLE PORT COAL SHIPMENTS DROPPED BY 10.77 PERCENT W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,412,497 MT of thermal and coking coal for week ended 0700 hours 4 February 2013, Newca ...
Tuesday, 05 February 13
CHALLENGER DEEP RESOURCES CORP HAS ENTERED INTO AN EXCLUSIVE MINING AND MARKETING AGREEMENT WITH KEM
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, PT Bestindo Energy, has entered into an Exclusivity Agreement r ...
Saturday, 02 February 13
ADARO TO INTRODUCE A NEW BRAND OF ENVIROCOAL, E4700, IN 2013
COALspot.com - Adaro Energy, an Indonesian and leading coal producer in country has achieved a record coal production during 4Q12 of 13.31 mil ...
Saturday, 02 February 13
FREIGHT MARKET MAY REBOUND AFTER CHINESE NEW YEAR - VISTAAR
COALspot.com - The freight market was soft and all the indices were down by around 5-7 pct this week.
The BDI was down 6.01 pct closing at 750 po ...
Friday, 01 February 13
ORPHEUS SELLS B26 COAL PROJECTS FOR US$ 2 MILLION TO FOCUS ON SOUTH KALIMANTAN
COALspot.com - Orpheus Energy Limited (ASX: OEG) has announced that it has sold its 51 percent equity stake in the East Kalimantan coal projects, Bl ...
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- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- SMC Global Power, Philippines
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- The University of Queensland
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
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