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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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Friday, 08 June 12
MINISTER DENIES COAL EXPORT TAX PLAN, ENDORSES RESTRICTIONS - THE JAKARTA POST
The Jakarta post, one of the leading english news paper in Indonesia reported that, Energy and Mineral Resources Minister Jero Wacik has denied that ...
Friday, 08 June 12
NO IMMEDIATE IMPACT ON ADARO'S RATING FROM BEP TRANSACTION - FITCH RATINGS
Fitch Ratings has said that PT Adaro Indonesia's (Adaro, 'BB+'/ Stable) ratings are not immediately affected by its parent PT Adaro Energy Tbk's ...
Thursday, 07 June 12
DRY BULK MARKET FALLS FOR 10 STRAIGHT SESSION ON OVERSUPPLY PROBLEMS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A resurgence of oversupply, coupled with national holidays in various parts of the world has contributed to yet another fall of the dry bulk market ...
Thursday, 07 June 12
COAL EXPORT TAX NOT RATIONAL: MINISTER - THE JAKARTA POST
Trade Minister Gita Wirjawan has criticized as irrational the idea to restrict coal exports by imposing an export tax, According to The Jakarta post ...
Thursday, 07 June 12
BY 2022 PLN IS EXPECTED TO BURN AROUND 125 MILLION TONS OF COAL
COALspot.com - Indonesia's state owned electricity company's (PLN) coal consumption is expected to reach 125.7 million tons by 2012.
Nur Pamudj ...
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Showing 4701 to 4705 news of total 6871 |
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- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
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