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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, 29 April 12
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The BDI continued to go up with the support of Panamax/Supramax and was up by 8.34 pct closing at 1,156 points.
The cape index was ...
Sunday, 29 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS FOR MAY 2012 DELIVERY WAS STABLE THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps for May deliveries stable this week, according to DSP of SGX AsiaClear OTC Coal Swaps. In the me ...
Friday, 27 April 12
BUKIT ASAMS NET INCOME UP 14% IN 1Q 2012 (UNAUDITED)
Press Release - PT Bukit Asam (Persero) Tbk, announced the Consolidated Financial Statements and Subsidiaries per 31 March 2012 (Unaudited).
Reve ...
Thursday, 26 April 12
AUSTRALIAS COKAL EXPANDS MET COAL POTENTIAL INTO WEST KALIMANTAN
COALspot.com - Global metallurgical coal group Cokal Limited (Cokal) (ASX:CKA) announced today it has completed the acquisition of 75.2% of PT Silan ...
Thursday, 26 April 12
BUKIT ASAMS 1Q OPERATING PROFIT MARGIN HAS INCREASED BY 6% TO RP. 1 TRILLION
COALspot.com - PT. Bukit Asam (Persero), the Indonesia’s state owned coal miner's 1Q, 2012 revenue has increased by 31% to Rp. 3.02 trillion ...
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- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- The University of Queensland
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Parliament of New Zealand
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
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