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Friday, 08 June 12
MINISTER DENIES COAL EXPORT TAX PLAN, ENDORSES RESTRICTIONS - THE JAKARTA POST
 The Jakarta post, one of the leading english news paper in Indonesia reported that, Energy and Mineral Resources Minister Jero Wacik has denied that his office had ever proposed a controversial export tax for coal, saying that he preferred to impose a new market control mechanism to secure domestic supply.
“I never said that we planned to apply a tax or a full ban on coal exports,” he told reporters after accompanying President Susilo Bambang Yudhoyono to meet Royal-Dutch Shell chief executive officer Peter Voser at the Presidential Palace in Jakarta on Thursday.
He explained that the country would need more coal to generate electricity as more coal-fired power plants under the 10,000 megawatts project would come on stream this year, further reducing PT Perusahaan Listrik Negara (PLN)’s dependency on diesel fuel.
“That’s why what I want to do is determine what volume of coal can be exported and what must be reserved for the domestic market,” Jero said.
He added that the government would soon come up with the calculations of the amount of coal needed by the domestic market in order to determine a domestic quota that had to be met by all coal producers.
If there was a production surplus, he said, the government would not prevent or tax exports.
The government has, since 2010, imposed the so called Domestic Market Obligation (DMO) scheme on 63 coal mining companies in the country. In 2012, the mining companies are obliged to sell 24.72 percent of their output to domestic users under the DMO ruling.
The ministry estimates that this will amount to 82.07 million tons next year, of which around 69.7 percent will go to PLN’s power plants. This figure, however, will not be sufficient as more power plants begin to come on stream.
PLN is the largest coal consumer in Indonesia. In 2012, the company forecasts that it will absorb 54 million tons. With the completion of several new coal-fired power plants, this consumption is expected to soar to 87.5 million tons next year and 95.3 million tons in 2014.
Jero once again insisted that he never agreed to any proposal to apply an export tax on coal and he would have to talk to all coal companies to convince them that such a plan never existed.
He said that the only export tax existing today was a 20 percent tax on raw mineral commodities.
The tax on minerals was first applied to 14 specific commodities, but then the tax was expanded to a further 65 commodities.
The government claims the tax is not aimed at boosting revenues from the mineral mining sector, but to minimize the possibility of over-exploitation in anticipation of the full ban on metal ore exports planned for 2014.
As reported earlier, Trade Minister Gita Wirjawan criticized the idea of an export tax on coal, saying that such a policy could violate the contracts of work (CoW) signed between coal mining companies and the government.
Under the CoW, the amount of taxes and other financial obligations of the companies have been clearly regulated and applying additional taxes could be a breach to the contracts.
Indonesia, the world’s largest thermal coal exporter, produced 275 million tons of coal last year.
This year, the government has set the production target at 332 million tons, while the Indonesian Coal Mining Association (APBI) calculates that the amount might reach 380 million tons.
Source: The Jakarta Post
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Friday, 22 June 12
GLOBAL ACTION NEEDED ON ENERGY POVERTY - WORLD COAL
Eradicating energy poverty is possibly the biggest challenge facing the world today. Like climate change it can only be addressed with a concerted g ...
Friday, 22 June 12
COAL: THE BACKBONE OF MODERN ELECTRICITY - ECOAL
Coal has been described as the "forgotten fuel," perhaps because many aren't aware of the huge role it plays in powering the global econo ...
Thursday, 21 June 12
DRY BULK MARKET ON THE RISE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was on the rise once again yesterday, with the Baltic Dry Index (BDI), the industry’s benchmark, rising by 18 points, or 1 ...
Wednesday, 20 June 12
BDI MOVING HIGHER, PANAMAX AND SUPRAMAX VESSELS STRONGER, CAPESIZE RATES NEAR TO HISTORICAL LOWS OF DECEMBER 2008 - MARIA BERTZELETOU, HELLENIC SHIPPING
The dry market seems to follow the dynamic of the previous week with the Baltic Dry Index showing daily increases since June 8th, but is still stand ...
Tuesday, 19 June 12
SMALLER DRY BULK CARRIERS LIFT UP MARKET, PANAMAXES SET TO FALL SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Another rise for the dry bulk market was evident yesterday, as the industry’s benchmark, the BDI (Baltic Dry Index) was up for a ninth straigh ...
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- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- White Energy Company Limited
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Australian Coal Association
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
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