We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
Tuesday, 27 November 12
NEWCASTLE PORT HAS SHIPPED 1.79 MILLION TONS OF COAL W/E 26 NOVEMBER
COALspot.com - Newcastle port in Australia has loaded 1,793,841 MT of thermal and coking coal for week ended 0700 hours 26 November 2012, Newc ...
Sunday, 25 November 12
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO BE FIRM - VISTAAR
COALspot.com - The freight market was buoyant this week with all sectors up except for the Cape size index. The BDI was up by 5.21 pct closing at 10 ...
Sunday, 25 November 12
INDONESIAN SUB BITUMINOUS COAL SWAP CONTRACTS SLIDE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for February 2013 delivery lost 0.76percent WoW but gained 0.16 percent DoD on Friday ...
Saturday, 24 November 12
DELTA DUNIA MAKMUR PRODUCES 3.2 MILLION TONS OF COAL IN OCTOBER
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 31.1 million bcm* (-4.0% YoY) of Overburden in October 2012 totaled while coal production was ...
Friday, 23 November 12
CHOOSING THE RIGHT TIME TO INVEST IN NEW VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Shipping is all about timing, a process often rising to the height of artform, as ship owners are having to pick the exact moment of selling most of ...
|
|
|
Showing 4486 to 4490 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
|
| |
| |
|
