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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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Wednesday, 25 April 12
CHINA IMPORTS 9.76 MMT AND INDIA IMPORTS 7.03 MMT OF INDONESIAN COAL LAST MONTH
COALspot.com: Indonesia, the world largest coal exporter, shipped 30.64* million tons of coal in March 2012, compared to 27.12* million tons i ...
Monday, 23 April 12
ALTURA ENTERS INTO AGREEMENT TO ACQUIRE 2 COAL PROJECTS IN SOUTH KALIMANTAN
COALspot.com - Altura Mining Limited (ASX: AJM) has announced that it has entered into an agreement to acquire a further two (2) Mining Permits (IUP ...
Sunday, 22 April 12
THE FREIGHT MARKET EXPECTED TO REMAIN FIRM NEXT WEEK - VISTAAR
COALspot.com - The BDI has broken the psychological barrier of 1000 points and closed at 1067 points.
The cape index was slightly down by 2.48 pc ...
Saturday, 21 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP 2.61 PERCENT THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps fell for a fifth day, according to DSP of SGX AsiaClear OTC Coal Swaps.
CFR South China Coal ...
Friday, 20 April 12
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A rebound of demand for smaller dry bulk carriers has led the industry’s benchmark, the BDI (Baltic Dry Index) above the 1,000-point mark for ...
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- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Bhatia International Limited - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Planning Commission, India
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- PTC India Limited - India
- The University of Queensland
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Australian Coal Association
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
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