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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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Sunday, 01 July 12
DSP OF SGX ASIACLEAR OTC COAL SWAP'S THIS WEEKS MOVEMENTS SLIGHTLY POSITIVE
COALspot.com - SGX AsiaClear OTC Coal Swaps have recovered slightly this week and Q4 deliveries are also showing positive direction.
SGX’s ...
Saturday, 30 June 12
THE FREIGHT RATES ARE EXPECTED TO BE STEADY TO FIRM NEXT WEEK - VISTAAR SINGAPORE
COALspot.com – The BDI was up by 2.66 pct (up by 26 points) closing at 1,004 points crossing the 1000 point barrier this week.
The c ...
Friday, 29 June 12
INDONESIAN PRODUCERS ARE PLANNING TO CUT PRODUCTION IF COAL PRICES FALL FURTHER
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 31.54* million tons of coal in May 2012, compared to 31.86* mill ...
Friday, 29 June 12
DRY BULK SHIP OWNERS DOING THEIR MATHS BEFORE PLACING NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With oversupply having plagued the dry bulk shipping fleet since the end of 2011, it’s become ever so evident that placing a newbuilding order ...
Thursday, 28 June 12
DRY BULK MARKET HIGHER ON CAPESIZE OPTIMISM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher yesterday, as the BDI (Baltic Dry Index) ended up by 0.71% to 988 points. Most ship types were up, with the ...
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- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Planning Commission, India
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
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