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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, 14 August 12
SAKARI SIGNS HEADS OF AGREEMENT TO ACQUIRE SIX COAL CONCESSIONS IN INDONESIA
COALspot.com - Sakari has signed a Heads of Agreement (HOA) to acquire a 100% interest in up to six IUPs, covering an area of over 29,000 hectares, ...
Tuesday, 14 August 12
UNCERTAIN FUTURE FOR DRY BULK PANAMAX SHIPS - DREWRY / HELLENIC SHIPPING
The dry bulk shipping market is in a poor state, with the Capesize segment the worst of all. Unfortunately, the latest analysis from Drewry Maritime ...
Monday, 13 August 12
5TH VIETNAM PORTS AND LOGISTICS 2012
Press Release - Co-hosted by VINAMARINE, the 5th Vietnam Ports and Logistics2012 will feature dedicated sessions on port and transport infrastructur ...
Monday, 13 August 12
ACTIVE DRY BULK FLEET INCREASES BY 8% SO FAR IN 2012 IN TERMS OF TONNAGE CAPACITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s no wonder that the dry bulk market has been tethering since the start of the year. the overflow of tonnage has been so enormous, that eve ...
Sunday, 12 August 12
COAL FREIGHT RATES FALL FLAT TO SOFT ON OVERSUPPLY, WEAK DEMAND - VISTAAR SINGAPROE
COALspot.com - The BDI continued its fall 10th August.
This week all segments were down including BDI down by 9.15 pct closing at 774 points .The ...
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- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- The University of Queensland
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