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Sunday, 06 May 12
EXPORT DUTY ON MINERAL FINALLY TO BECOME EFFECTIVE NEXT WEEK
.jpg) COALspot.com - Mineral ore exporters of Indonesia ( only IUP holders) are required to obtain recommendation letter from the energy and mineral resources ministry before being able to export metal ore starting from 7th May 2012 until 12 January 2014.
By 12 January 2014, all mineral ore and unprocessed coal exports will be stopped.
According to a notice published on directorate general of mineral and coal’s website, the recommendation will only be granted to companies, if the companies fulfill certain requirements, such as IUP status must be clean and clear, the company have paid all their tax and non-tax financial obligations, and they must submit a comprehensive proposal on whether they want to build their own smelters, establish a consortium with other companies to jointly build smelters, or sell their raw materials to smelting companies in the country.
Companies must also require to sign integrity pacts with the government undertaking they will stop exporting raw materials in 2014 as mandated by the Minerals and Coal Law. A 20-percent export duty on 14 mineral commodities (antimony, bauxite, chromium, copper, gold, iron ore, iron sand, lead, manganese, molybdenum, nickel, platinum, silver and tin ) will be imposed from 7th May 2012.
In the meantime, the energy and mineral resources ministry’s director general for minerals and coal, revealed the export tax and the requirements would apply only to IUP holders and not for contract of work (CoW) holders.
The government was silent on coal either export duty or export ban. Previously government was planning to introduce a ban on low calorific value coal or unprocessed coal by 2014, and finance ministry of Indonesia is expected to issue a regulation to impose export duty. A official from directorate general of mineral and coal previously revealed that, the export duty will be around 25 percent in 2012 and 50 percent in 2013.
However instead of proposed 25 percent export duty on mineral in 2012, now government is introduced only 20 percent duty and coal exempted temporary from any export duty.
If export duty on coal introduced and implemented, it will be applicable only for IUP holders and not for CCoW holders. According to market sources, CCoW holders are holding at least 70-80 percent of Indonesian coal production and exports.
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Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
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- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Videocon Industries ltd - India
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Planning Commission, India
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- The University of Queensland
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- PTC India Limited - India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
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