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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, one of the Indonesia's leading English news paper.
The paper further reported that, "There has been a growing discourse regarding coal exports. Rationally speaking, we have signed a working contract with coal mining companies and by that, they have to pay 45 percent of royalties and taxes," Gita told reporters on Wednesday.
"Then there is a plan to tax coal exports coming out of nowhere. This could be regarded as a violation of the signed working contract," he added.
According JP, Gita said that it would be irrational to impose other kind of taxes on companies that had already paid royalties and taxes.
The idea of imposing an export tax on coal was recently raised by Energy and Mineral Resources Minister Jero Wacik.
On Monday, while opening of Coaltrans Asia conference in Bali, Energy and Minerals Minister Jero Wacik said the country was looking into imposing levies on coal shipments to regulate the outflow of the mineral and save it for domestic use.
Accordign to COALspot.com, Indonesian government’s declared coal prices or know as HBA has fell 5.36 percent in June 2012, to US$ 96.65 from May 2012 price or -18.80% Y-o-Y.
The buyers of Indonesian coal were looking for low price from their counterpart. The during the Coaltrans Asia conference, Indonesian 3800 GAR coal was offered between US$ 38- 39 per MT against the bids of US$ 35-36 per MT. In the meantime 4200 GAR coal was bid at low 40.
Some Indian traders from India claimed that, they were successfully concluded 3800 GAR coal of East Kalimantan origin at below US$ 36/ MT for spot loading. The suppliers of Indonesian coal were struggling to keep their cash flow as well as their coal stock inventory due to low demand as well as low price. (additional reports by COALspot.com)
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Tuesday, 04 September 12
SHIP OWNERS' COMPETITION LEADS TO TANKER FIXTURES BELOW OPERATING COSTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners operating in the VLCC tanker markets are increasingly finding it difficult to obtain even breakeven rates for their vessels, as competit ...
Tuesday, 04 September 12
ORPHEUS SECURES ADDITIONAL SIGNIFICANT KINTAP COAL PROJECT IN SOUTH KALIMANTAN
COALspot.com - Indonesian coal producer, Orpheus Energy (ASX:OEG) has announced that it has secured a 50% equity ownership in an additional tenement ...
Monday, 03 September 12
SHIPOWNERS TO WAIT FOR FURTHER PRICE REDUCTIONS IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With September now upon us, shipbrokers are looking towards an interesting winter season, as ship owners are looking to capitalize on more second ha ...
Sunday, 02 September 12
ADAROS COAL ROYALTIES TO THE GOVERNMENT INCREASED BY 10.5 PERCENT Y-O-Y TO US$196.8 MILLION
COALspot.com - PT Adaro Energy Tbk (IDX: ADRO), the second largest power plant coal producer in Indonesia, announced its consolidated auditor-review ...
Saturday, 01 September 12
FALLING PRICES; BLEEDING MINERS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost 4.070 percent and 0.422 percent respectively on W-o-W and D- ...
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- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- PTC India Limited - India
- Interocean Group of Companies - India
- Australian Coal Association
- IEA Clean Coal Centre - UK
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