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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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Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART ONE - JOSEPH KIRSCHKE
COALspot.com - Colombia stands before one of the potentially largest, most diversified mining booms in the world. Untold reserves of gold, coal, cop ...
Wednesday, 29 August 12
SECOND HAND VESSELS IN HIGH DEMAND DESPITE SUMMER SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the slow summer season, ship owners appear to be rather keen in acquiring some modern second hand tonnage at "knock-down" prices. ...
Monday, 27 August 12
BUMI BOOKS $322.1 MILLION NET LOSS IN 1H 2012 IN SPITE OF 8.6 PERCENT INCREASE IN SALES REVENUE
PT Bumi Resources Tbk, the single largest coal producer and exporter in Indonesia announces its first half financial report for the ...
Monday, 27 August 12
OVER 200 FOREIGN COMPANIES AND ENERGY MAJORS EXPECTED AT 2ND MOGP SUMMIT IN YANGON
Singapore based CMT and Machinery & Solutions Co. Ltd (M&S) announce that the 2nd MOGP Summit will be held on 3-6 September at the Sedona ho ...
Sunday, 26 August 12
SOUTH AFRICAN COAL OVERVIEW
South Africa's indigenous energy resource base is dominated by coal.
Internationally, coal is the most widely used primary fuel, accounting for ...
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- Australian Coal Association
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- GMR Energy Limited - India
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Independent Power Producers Association of India
- The University of Queensland
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
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