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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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Sunday, 01 July 12
DSP OF SGX ASIACLEAR OTC COAL SWAP'S THIS WEEKS MOVEMENTS SLIGHTLY POSITIVE
COALspot.com - SGX AsiaClear OTC Coal Swaps have recovered slightly this week and Q4 deliveries are also showing positive direction.
SGX’s ...
Saturday, 30 June 12
THE FREIGHT RATES ARE EXPECTED TO BE STEADY TO FIRM NEXT WEEK - VISTAAR SINGAPORE
COALspot.com – The BDI was up by 2.66 pct (up by 26 points) closing at 1,004 points crossing the 1000 point barrier this week.
The c ...
Friday, 29 June 12
INDONESIAN PRODUCERS ARE PLANNING TO CUT PRODUCTION IF COAL PRICES FALL FURTHER
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 31.54* million tons of coal in May 2012, compared to 31.86* mill ...
Friday, 29 June 12
DRY BULK SHIP OWNERS DOING THEIR MATHS BEFORE PLACING NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With oversupply having plagued the dry bulk shipping fleet since the end of 2011, it’s become ever so evident that placing a newbuilding order ...
Thursday, 28 June 12
DRY BULK MARKET HIGHER ON CAPESIZE OPTIMISM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher yesterday, as the BDI (Baltic Dry Index) ended up by 0.71% to 988 points. Most ship types were up, with the ...
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- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- PTC India Limited - India
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- India Bulls Power Limited - India
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