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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, 18 July 12
SHIP PRICES HAVE FALLEN RAPIDLY THIS YEAR, FAVORING INVESTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The price for a 5 year old Capesize dry bulk carrier of 172,000 dwt has fallen to about $33,4mil from $42.9 at the end of June 2011, while at end of ...
Saturday, 14 July 12
FREIGHT MARKET SEEMS TO BE QUITE VOLATILE - VISTAAR
COALspot.com - The market seems to be quite volatile with the trend changing almost every week. This week all the segments were down except for Pana ...
Friday, 13 July 12
TRANSCOAL MINERGY HAS RECEIVED PMA STATUS IN INDONESIA
COALspot.com - PT Transcoal Minergy (“TCM”) has received official foreign owned company status from the Capital Investment Coordinating ...
Thursday, 12 July 12
LACK OF CAPESIZE DEMAND DRAGS DRY BULK MARKET LOWER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lack of demand for the larger Capesize dry bulk carriers had as a result the fall of the industry’s benchmark, the BDI (Baltic Dry Index), w ...
Thursday, 12 July 12
RIO TINTO'S SENIOR MANAGEMENT CHANGES
COALspot.com - Rio Tinto is making changes to its senior management team as chief financial officer (CFO) Guy Elliott has decided to retire at the e ...
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- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
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