COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Sunday, 06 January 13
FREIGHT MARKET REMAINED FAIRLY STEADY - VISTAAR
WISH YOU ALL HAPPY NEW YEAR COALspot.com - The freight market remained fairly steady in spite of Christmas / New Year Holidays. The BDI was almos ...


Saturday, 05 January 13
THE SHIPPING MARKET IN 2012 AND LOOKING FORWARD - BIMCO
Global Economy: Things will go up from here The global economy continues to grow, albeit at a slower pace than previous years. The slower economic ...


Friday, 04 January 13
DRY BULK MARKET LOOKING FOR DIRECTION IN FIRST TRADING DAYS OF THE NEW YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is actively looking for its footing at the start of the New Year, as charters have been scarce, as is usually the case during th ...


Thursday, 03 January 13
INDONESIAN SUB-BITUMINOUS COAL SWAPS CLOSED US$ 6.86 HIGHER FOR 2014 DELIVERY
COALspot.com - Swaps prices were changed positively for thermal coal for loading in the first quarter from Indonesia, according to SGX AsiaClear OTC ...


Thursday, 03 January 13
SUPRMAX FREIGHT RATE FROM RED SEA / INDIA IS AROUND MID TEENS - FEARNLEYS
Fearnleys in its weekly report said that, Indian market was very quiet in respect of export of iron ore. For Indo-India trip Supra rate was hovering ...


   886 887 888 889 890   
Showing 4436 to 4440 news of total 6871
News by Category
Popular News
 
Total Members : 28,696
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Bhatia International Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • TNPL - India
  • Sindya Power Generating Company Private Ltd
  • Dalmia Cement Bharat India
  • bp singapore
  • Reliance Power - India
  • Tanito Harum - Indonesia
  • VISA Power Limited - India
  • JPMorgan - India
  • Formosa Plastics Group - Taiwan
  • GNFC Limited - India
  • Orica Australia Pty. Ltd.
  • Attock Cement Pakistan Limited
  • SUEK AG - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Global Coal Blending Company Limited - Australia
  • Metalloyd Limited - United Kingdom
  • Australian Commodity Traders Exchange
  • Humpuss - Indonesia
  • PLN - Indonesia
  • Borneo Indobara - Indonesia
  • Adaro Indonesia
  • Siam City Cement PLC, Thailand
  • International Coal Ventures Pvt Ltd - India
  • Romanian Commodities Exchange
  • White Energy Company Limited
  • Global Business Power Corporation, Philippines
  • Agrawal Coal Company - India
  • TGV SRAAC LIMITED, India
  • Sucofindo - Indonesia
  • Sical Logistics Limited - India
  • SGS (Thailand) Limited
  • Freeport Indonesia
  • Berau Coal - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Petron Corporation, Philippines
  • Grasim Industreis Ltd - India
  • Indian Oil Corporation Limited
  • Salva Resources Pvt Ltd - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • J M Baxi & Co - India
  • European Bulk Services B.V. - Netherlands
  • World Coal - UK
  • Maybank - Singapore
  • Commonwealth Bank - Australia
  • IBC Asia (S) Pte Ltd
  • Directorate General of MIneral and Coal - Indonesia
  • Indian Energy Exchange, India
  • RBS Sempra - UK
  • Glencore India Pvt. Ltd
  • Straits Asia Resources Limited - Singapore
  • Simpson Spence & Young - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Vale Mozambique
  • MS Steel International - UAE
  • Total Coal South Africa
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • SMC Global Power, Philippines
  • Cebu Energy, Philippines
  • India Bulls Power Limited - India
  • Kepco SPC Power Corporation, Philippines
  • Bahari Cakrawala Sebuku - Indonesia
  • DBS Bank - Singapore
  • Platts
  • Mitsui
  • Vitol - Bahrain
  • GHCL Limited - India
  • Tata Chemicals Ltd - India
  • San Jose City I Power Corp, Philippines
  • Barclays Capital - USA
  • Permata Bank - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Thriveni
  • Thailand Anthracite
  • Jorong Barutama Greston.PT - Indonesia
  • Asian Development Bank
  • Kideco Jaya Agung - Indonesia
  • Barasentosa Lestari - Indonesia
  • Argus Media - Singapore
  • Karaikal Port Pvt Ltd - India
  • Latin American Coal - Colombia
  • TNB Fuel Sdn Bhd - Malaysia
  • CNBM International Corporation - China
  • Core Mineral Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Marubeni Corporation - India
  • Ind-Barath Power Infra Limited - India
  • Thomson Reuters GRC
  • Kobe Steel Ltd - Japan
  • Parry Sugars Refinery, India
  • Pendopo Energi Batubara - Indonesia
  • Energy Development Corp, Philippines
  • Georgia Ports Authority, United States
  • Billiton Holdings Pty Ltd - Australia
  • GVK Power & Infra Limited - India
  • IEA Clean Coal Centre - UK
  • Price Waterhouse Coopers - Russia
  • PetroVietnam Power Coal Import and Supply Company
  • Noble Europe Ltd - UK
  • Electricity Authority, New Zealand
  • MEC Coal - Indonesia
  • Malabar Cements Ltd - India
  • Russian Coal LLC
  • Cement Manufacturers Association - India
  • Malco - India
  • JPower - Japan
  • Runge Indonesia
  • Britmindo - Indonesia
  • Baramulti Group, Indonesia
  • Deutsche Bank - India
  • Indo Tambangraya Megah - Indonesia
  • NALCO India
  • Thiess Contractors Indonesia
  • Qatrana Cement - Jordan
  • Platou - Singapore
  • Kobexindo Tractors - Indoneisa
  • McConnell Dowell - Australia
  • Panama Canal Authority
  • Meralco Power Generation, Philippines
  • Altura Mining Limited, Indonesia
  • Ministry of Mines - Canada
  • Minerals Council of Australia
  • Bulk Trading Sa - Switzerland
  • Kalimantan Lumbung Energi - Indonesia
  • EMO - The Netherlands
  • Aditya Birla Group - India
  • London Commodity Brokers - England
  • TANGEDCO India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Chettinad Cement Corporation Ltd - India
  • Jatenergy - Australia
  • Ernst & Young Pvt. Ltd.
  • Mitsubishi Corporation
  • PTC India Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • The University of Queensland
  • South Luzon Thermal Energy Corporation
  • ING Bank NV - Singapore
  • Asia Cement - Taiwan
  • Singapore Mercantile Exchange
  • Semirara Mining Corp, Philippines
  • HSBC - Hong Kong
  • Standard Chartered Bank - UAE
  • Surastha Cement
  • Savvy Resources Ltd - HongKong
  • TRAFIGURA, South Korea
  • PetroVietnam
  • Vizag Seaport Private Limited - India
  • SMG Consultants - Indonesia
  • Coalindo Energy - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • IHS Mccloskey Coal Group - USA
  • Larsen & Toubro Limited - India
  • Coal Orbis AG
  • Indika Energy - Indonesia
  • IMC Shipping - Singapore
  • Kartika Selabumi Mining - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Riau Bara Harum - Indonesia
  • Bank of China, Malaysia
  • Ince & co LLP
  • Energy Link Ltd, New Zealand
  • ICICI Bank Limited - India
  • Posco Energy - South Korea
  • Maharashtra Electricity Regulatory Commission - India
  • Maruti Cements - India
  • TeaM Sual Corporation - Philippines
  • KPCL - India
  • Lafarge - France
  • Wood Mackenzie - Singapore
  • CCIC - Indonesia
  • Maheswari Brothers Coal Limited - India
  • ANZ Bank - Australia
  • CIMB Investment Bank - Malaysia
  • Petrochimia International Co. Ltd.- Taiwan
  • Coaltrans Conferences
  • Indonesia Power. PT
  • Cardiff University - UK
  • SRK Consulting
  • Coal and Oil Company - UAE
  • Cigading International Bulk Terminal - Indonesia
  • Kaltim Prima Coal - Indonesia
  • World Bank
  • EIA - United States
  • Central Java Power - Indonesia
  • BNP Paribas - Singapore
  • Kumho Petrochemical, South Korea
  • Videocon Industries ltd - India
  • Ambuja Cements Ltd - India
  • Heidelberg Cement - Germany
  • SN Aboitiz Power Inc, Philippines
  • The Treasury - Australian Government
  • Alfred C Toepfer International GmbH - Germany
  • Therma Luzon, Inc, Philippines
  • Medco Energi Mining Internasional
  • Kapuas Tunggal Persada - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Bukit Asam (Persero) Tbk - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Sakthi Sugars Limited - India
  • Shenhua Group - China
  • Xindia Steels Limited - India
  • IOL Indonesia
  • Jaiprakash Power Ventures ltd
  • Samsung - South Korea
  • Wilmar Investment Holdings
  • Oldendorff Carriers - Singapore
  • UOB Asia (HK) Ltd
  • Shree Cement - India
  • Bukit Baiduri Energy - Indonesia
  • Antam Resourcindo - Indonesia
  • U S Energy Resources
  • Coastal Gujarat Power Limited - India
  • SASOL - South Africa
  • Central Electricity Authority - India
  • Gupta Coal India Ltd
  • Africa Commodities Group - South Africa
  • Rio Tinto Coal - Australia
  • Karbindo Abesyapradhi - Indoneisa
  • Binh Thuan Hamico - Vietnam
  • Essar Steel Hazira Ltd - India
  • WorleyParsons
  • Aboitiz Power Corporation - Philippines
  • Rashtriya Ispat Nigam Limited - India
  • Bharathi Cement Corporation - India
  • Xstrata Coal
  • Holcim Trading Pte Ltd - Singapore
  • KPMG - USA
  • Vijayanagar Sugar Pvt Ltd - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Uttam Galva Steels Limited - India
  • Adani Power Ltd - India
  • Chamber of Mines of South Africa
  • Mintek Dendrill Indonesia
  • Samtan Co., Ltd - South Korea
  • Manunggal Multi Energi - Indonesia
  • Infraline Energy - India
  • Ministry of Transport, Egypt
  • Tamil Nadu electricity Board
  • Mercuria Energy - Indonesia
  • ETA - Dubai
  • Thermax Limited - India
  • Arch Coal - USA
  • Sree Jayajothi Cements Limited - India
  • Asmin Koalindo Tuhup - Indonesia
  • Interocean Group of Companies - India
  • Port Waratah Coal Services - Australia
  • Sojitz Corporation - Japan
  • Mechel - Russia
  • Neyveli Lignite Corporation Ltd, - India
  • The India Cements Ltd
  • NTPC Limited - India
  • Sarangani Energy Corporation, Philippines
  • Bank of America
  • Sinarmas Energy and Mining - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Ceylon Electricity Board - Sri Lanka
  • Edison Trading Spa - Italy
  • BRS Brokers - Singapore
  • Banpu Public Company Limited - Thailand
  • The State Trading Corporation of India Ltd
  • Eastern Coal Council - USA
  • Makarim & Taira - Indonesia
  • Jindal Steel & Power Ltd - India
  • OCBC - Singapore
  • OPG Power Generation Pvt Ltd - India
  • Electricity Generating Authority of Thailand
  • Cargill India Pvt Ltd
  • Fearnleys - India
  • GMR Energy Limited - India
  • Lanco Infratech Ltd - India
  • Anglo American - United Kingdom
  • Cosco
  • Siam City Cement - Thailand
  • PNOC Exploration Corporation - Philippines
  • Bangkok Bank PCL
  • Credit Suisse - India
  • Independent Power Producers Association of India
  • CESC Limited - India
  • Coal India Limited
  • Coeclerici Indonesia
  • PLN Batubara - Indonesia
  • Indonesian Coal Mining Association
  • Eastern Energy - Thailand
  • Parliament of New Zealand
  • Indorama - Singapore
  • Japan Coal Energy Center
  • PowerSource Philippines DevCo
  • Inspectorate - India
  • Trasteel International SA, Italy
  • Indogreen Group - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Goldman Sachs - Singapore
  • Thai Mozambique Logistica
  • Toyota Tsusho Corporation, Japan
  • Rudhra Energy - India
  • LBH Netherlands Bv - Netherlands
  • Meenaskhi Energy Private Limited - India
  • Peabody Energy - USA
  • UBS Singapore
  • Merrill Lynch Bank
  • Enel Italy
  • Arutmin Indonesia
  • Mitra SK Pvt Ltd - India
  • Moodys - Singapore
  • ASAPP Information Group - India
  • Star Paper Mills Limited - India
  • Economic Council, Georgia
  • McKinsey & Co - India
  • Mercator Lines Limited - India
  • Gresik Semen - Indonesia
  • GB Group - China
  • Bhushan Steel Limited - India
  • Australian Coal Association
  • globalCOAL - UK
  • Madhucon Powers Ltd - India
  • Petrosea - Indonesia
  • KEPCO - South Korea
  • Renaissance Capital - South Africa
  • Bukit Makmur.PT - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Tata Power - India
  • Vedanta Resources Plc - India
  • Maersk Broker
  • ACC Limited - India
  • Inco-Indonesia
  • CoalTek, United States
  • KOWEPO - South Korea
  • Directorate Of Revenue Intelligence - India
  • Gujarat Electricity Regulatory Commission - India
  • Ministry of Finance - Indonesia
  • Merrill Lynch Commodities Europe
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Mjunction Services Limited - India
  • Power Finance Corporation Ltd., India
  • Clarksons - UK
  • New Zealand Coal & Carbon
  • Gujarat Sidhee Cement - India
  • Planning Commission, India
  • Geoservices-GeoAssay Lab
  • Indian School of Mines
  • Orica Mining Services - Indonesia
  • APGENCO India
  • Intertek Mineral Services - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Bhoruka Overseas - Indonesia
  • Carbofer General Trading SA - India
  • Cemex - Philippines
  • Idemitsu - Japan
  • Pinang Coal Indonesia
  • Deloitte Consulting - India
  • Bangladesh Power Developement Board
  • Leighton Contractors Pty Ltd - Australia