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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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Monday, 12 November 12
THE ESTABLISHMENT OF NORTH KALIMANTAN AS A NEW PROVINCE WILL NOT AFFECT THE LOCAL MINING COMPANIES
The government of Indonesia has ensured that the establishment of North Kalimantan as a new province will not affect the local mining companies ...
Monday, 12 November 12
DRILLING COMPLETED AT THE MOORLANDS DEPOSIT, WEST BOWEN PROJECT
Press Release - Cuesta Coal Limited (ASX: CQC) (“Cuesta”) is pleased to announce it has completed its exploration activities at the Moor ...
Monday, 12 November 12
BARGE-LOAD OF 5K TONNES OF COAL FROM THE ADK JOINT VENTURE SHIPPED LAST WEEK
COALspot.com - Orpheus Energy (ASX:OEG) has announced that, it has successfully shipped a 5,000 tonne of ADK thermal coal to an Indonesian trading g ...
Sunday, 11 November 12
AN OPTIMISTIC WEEK FOR INDONESIAN SUB-BIT COAL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 2.08 percent WoW and 1.28 percent DoD on Friday, 9 November ...
Sunday, 11 November 12
THE IRON ORE AND COAL PRICES MOVEMENTS REMAINS LOW - VISTAAR
COALspot.com The market remained soft with all the sectors soft.
The BDI and was down by 4.67 pct closing at 940 points, on Friday 9 Novemb ...
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- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Australian Coal Association
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
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