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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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Thursday, 03 May 12
DRY BULK MARKET REMAINS INACTIVE, POSTING MILD DECREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept retreating this week, although at a very low pace, on the back of a lull in demand. The industry's benchmark, th ...
Thursday, 03 May 12
MINERS DEMAND LEGAL CERTAINTY ON PRE-BAN INTERIM POLICY - THE JAKARTA POST
The Jakarta Post reported that, Mining companies represented by the Indonesian Mining Association (IMA) welcomed the government’s plan to impo ...
Thursday, 03 May 12
HANDY EAST COAST INDIA - CHINA AROUND USD 7000 - FEARNLEYS AS
Handy - Stable demand in the Atlantic offered good rates for the tonnage.
USG/Cont was worth USD 17500 and more. Baltic and Black Sea appeared to ...
Wednesday, 02 May 12
CHINA BLACKOUTS HIGHLIGHT PRICING POLICY WEAKNESS - FITCH
Fitch reported that, the likelihood of further electricity blackouts in China this summer underlines Fitch's view of the basic problem f ...
Tuesday, 01 May 12
VIETNAM FEARS IT MAY NOT SEEK COAL SUPPLIES - TBKTSG / VIETNAMNET BRIDGE
TBKTSG / VietNamNet Bridge reported that, with five coal-run thermopower plants under construction, PetroVietnam alone would need 18 million tons of ...
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Showing 4741 to 4745 news of total 6871 |
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- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
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