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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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Monday, 23 July 12
NTPC INVITES BIDS FOR 2.6 MILLION TONS OF LOW MOISTURE IMPORTED COAL
COALspot.com - India’s largest electricity generator, NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government ...
Sunday, 22 July 12
NEW CHAIRMAN FOR AUSTRALIAN COAL ASSOCIATION
The Australian Coal Association (ACA) announced that Mr Ross Willims has been appointed as its new independent Chairman effective November 5 2012. M ...
Sunday, 22 July 12
CENTRAL KALIMANTAN COAL RAILWAY NETWORK WILL BE BUILT BY 2015 - THE BORNEO POST
The borneo post reported that, a declaration to build a coal railway network is signed today (12/07/2012) in front of the Indonesian Vice President ...
Sunday, 22 July 12
COAL PRICES IN MIXED TRENDS; STOCKS REMAIN HIGH AT BOTH ENDS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery fell 0.99 percent on last Friday closing (d-o-d) and 1.19 percent com ...
Sunday, 22 July 12
TATA POWER SIGNS A LONG TERM COAL SUPPLY AGREEMENT WITH PT ANTANG GUNUNG MERATUS, INDONESIA
COALspot.com - Tata Power, India’s largest integrated power utility, last Friday announced that it has signed a long term coal suppl ...
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- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- The University of Queensland
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
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