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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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Saturday, 12 May 12
THE SHIPPING MARKET IS UNLIKELY TO SEE A REBOUND ANYTIME SOON - VISTAAR SINGAPORE
COALspot.com - The BDI softened this week and it was down by 1.64 pct closing at 1,138 points.
The cape index was up by 2.41 pct closing at 1,61 ...
Friday, 11 May 12
POLITICAL CHANGES COULD LEAD TO TEMPORARY HALT IN SHIPPING INVESTMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The potential of changes of political leadership in many of the world’s leading economies could very well lead to significant shifts in the di ...
Thursday, 10 May 12
DRY BULK ERRATIC ON LACK OF DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept up its erratic behavior as it went down again during yesterday’s session, on a lack of direct guidance in terms o ...
Wednesday, 09 May 12
COAL INDIA SIGNS FSAS WITH 13 POWER UNITS SO FAR - PTI
Press Trust of India has reported that, coal India has so far entered into fuel supply pacts with 13 power units, including Reliance Power's Rosa P ...
Tuesday, 08 May 12
DRY BULK MARKET LOOKING FOR NEW DIRECTION THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the BDI (Baltic Dry Index) the main benchmark of the dry bulk shipping industry not traded at the start of this week, traders, charterers and s ...
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Showing 4731 to 4735 news of total 6871 |
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- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Planning Commission, India
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Australian Coal Association
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
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