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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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Wednesday, 26 December 12
SHIP OWNERS WRAP UP NEWBUILDING DEALS PRIOR TO YEAR END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the year inches closer and closer to its end, many ship owners are looking to close deals for newbuilding vessels they have been negotiating duri ...
Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. ...
Monday, 24 December 12
BUNKER PRICES TO CONTINUE RISING, ALBEIT IN A SLOWER MODE, DURING THE NEXT FEW YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEW
In a recent report, US-based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years, as thi ...
Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 3.40 HIGHER COMPARED TO Q1' 2013 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 1.94 percent M-M and WoW by 1.57percent but lost 0.35 ...
Saturday, 22 December 12
SECOND HAND VESSELS ENJOY HIGH DEMAND AS PRICES ARE ATTRACTIVE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the year is closing to its end, activity in the second hand vessel market has been more than high. Ship owners are looking to ...
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- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Australian Coal Association
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- VISA Power Limited - India
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- The University of Queensland
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Mjunction Services Limited - India
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
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