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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 September 12
SHIP OWNERS' COMPETITION LEADS TO TANKER FIXTURES BELOW OPERATING COSTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners operating in the VLCC tanker markets are increasingly finding it difficult to obtain even breakeven rates for their vessels, as competit ...
Tuesday, 04 September 12
ORPHEUS SECURES ADDITIONAL SIGNIFICANT KINTAP COAL PROJECT IN SOUTH KALIMANTAN
COALspot.com - Indonesian coal producer, Orpheus Energy (ASX:OEG) has announced that it has secured a 50% equity ownership in an additional tenement ...
Monday, 03 September 12
SHIPOWNERS TO WAIT FOR FURTHER PRICE REDUCTIONS IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With September now upon us, shipbrokers are looking towards an interesting winter season, as ship owners are looking to capitalize on more second ha ...
Sunday, 02 September 12
ADAROS COAL ROYALTIES TO THE GOVERNMENT INCREASED BY 10.5 PERCENT Y-O-Y TO US$196.8 MILLION
COALspot.com - PT Adaro Energy Tbk (IDX: ADRO), the second largest power plant coal producer in Indonesia, announced its consolidated auditor-review ...
Saturday, 01 September 12
FALLING PRICES; BLEEDING MINERS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost 4.070 percent and 0.422 percent respectively on W-o-W and D- ...
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- Central Electricity Authority - India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- PTC India Limited - India
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
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