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

Monday, 31 December 12
"DISTRESSED", "ECO" AND "FINANCE" ARE THE THREE WORDS WHICH CHARACTERIZED 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2012 was yet another year of speculation, anticipation, pessimism and more speculation in the shipping markets. According to the latest weekly repor ...


Saturday, 29 December 12
SHIPBREAKING YARDS IN INDIA DEMOLISH A TOTAL OF 527 VESSELS IN 2012, BREAKING ALL PREVIOUS RECORDS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
India's ship demolition experts of Star Matrix contemplated this week on the issue of why ships in the range of 1,000 and up to 6,500 liquid tons ( ...


Thursday, 27 December 12
A LOOK AT WORLD TRADE PATTERNS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
While China's leaders are likely to stick with the 2012 economic growth rate of 7.5% when they chart a course for 2013 - its weakest pace since 199 ...


Thursday, 27 December 12
INDONESIA SHIPPED 33.578* MMT COAL IN NOVEMBER
COALspot.com:  Indonesia, the world largest multi grade coal exporter has shipped  33.578* million tons of coal in November 2012. thi ...


Wednesday, 26 December 12
UPDATE ON EXPORT BAN ON RAW MINERALS AND ORE - RITA SUSANTO
COALspot.com - In May 2012, the Minister of Energy and Mineral Resources (“MoEMR”) in Regulation No.7 (“Reg-7”, amended by R ...


   888 889 890 891 892   
Showing 4446 to 4450 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 ...

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