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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, 04 December 12
JATENERGY SIGNS MOU FOR INDONESIAN COAL ASSET
COALspot.com - Jatenergy Limited has announced that its fully-owned Indonesian subsidiary, PT Barata Energy (BE), has signed an exclusive, non-bindi ...
Tuesday, 04 December 12
NEWCASTLE PORT SHIPPED 55.88 PERCENT MORE COAL W/E 3 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,796,341 MT of thermal and coking coal for week ended 0700 hours 3 December 2012, Newca ...
Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1 2013 delivery gained 2.87 & 0.83 percent MoM and WoW respectively ...
Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR
COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer.
The BDI was down 0.37 pct closing at 1,086 ...
Friday, 30 November 12
FUTURE TREND OF SECOND HAND SHIP VALUES PUZZLING SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the major challenges that ship owners are facing today is whether or not to invest in a second hand vessel at any given time. For instance, i ...
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- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Planning Commission, India
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Independent Power Producers Association of India
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