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Saturday, 19 May 12
INDONESIAN EXPORT TAX GIVES COAL MINERS A CHEAP RIDE: ANALYSTS - THE JAKARTA GLOBE
 The Jakarta Globe reported that, Indonesia’s policy to exclude coal from an export tax that has been applied to 14 other mineral commodities has been criticized by analysts, with lobbyists being blamed for the decision.
Since May 6, shipments of 14 minerals have been hit with a 20 percent export tax as part of the government’s plan to pressure mineral companies to process ore in Indonesia.
The commodities impacted are gold, copper, silver, tin, chromium, lead, molybdenum, bauxite, platinum, iron ore, nickel, iron sand, antimony and manganese.
Komaidi Notonegoro, a mining expert from the ReforMiner Institute, a research company for mining, energy and the environment, said he believed shareholders in big coal miners were influencing the government’s policy to “delay” applying an export tax to coal.
Pri Agung Rakhmanto, executive director of ReforMiner Institute, agreed with his colleague. He said the government’s claim that coal miners were subject to binding contracts that could not be broken did not hold water, because other miners had to abide by the same contracts.
Coal sales are also not normally bound by long-term contracts as the commodity can be easily found on spot markets.
“So the question is what’s behind this policy? Coal was supposed to be the first commodity to be subjected to the export tax. Why is the government being selective?” Pri Agung said.
ReforMiner data showed the export value of coal, which averages about $25 billion to $30 billion a year, is triple the value of the 14 mineral commodities combined, at around $8 billion to $10 billion a year.
Edi Prasodjo, director of coal at the Energy and Mineral Resources Ministry, said the government was still studying “the appropriate policy” for coal.
However, he said the government had other concerns about the coal industry. Coal production, he said, is expected to increase to around 450 million tons in 2013, which is way too much. Indonesia’s 2011 production was 330 million tons.
The government plans to limit production, but he did not explain the reasoning. East Kalimantan Governor Awang Farouk Ishak requested last Sunday that the government limit coal production from the province to help reduce environmental damage from the massive exploitation of the commodity.
Supriatna Suhala, the Jakarta-based executive director of the Indonesian Coal Mining Association, said levying an export tax on coal would be unfair, because coal miners already paid high corporation and royalties tax.
“If all contracts must be charged an export tax, then the holders of the first-generation contract will be strangled,” he said. “They cannot live anymore and may have to bring this to international arbitration.”
Ray Gunara, president director of Harum Energy, said a 20 percent export tax on coal would be a burden.
“Fuel prices are not declining, so we are not seeing costs decreasing,” he said.
Source:Investor Daily, JG Retno Ayuningtyas & Ester Nuky
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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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- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- White Energy Company Limited
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Planning Commission, India
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
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