We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 18 May 12
EXPORT TAX WILL ERODE PROFITS, INDONESIAN COAL EXEC COMPLAINS - THE JAKARTA GLOBE
The Jakarta Globe reported that, A 20 percent export duty the government has imposed on 14 mineral ore products will not only take a toll on mining companies’ profits but also cause problems in the domestic market, which won’t be able to absorb all the output, a mining executive said.
Ray Antonio Gunara, president director of Harum Energy (HRUM), a coal mining and logistics company with operations in East Kalimantan, said that his business already had to pay a 13.5 percent royalty and that the additional 20 percent would only cut deeper into its profit margin.
“If the policy is really implemented, it would mean that besides of the 13.5 percent royalty obligation, we will also have to pay another 20 percent to the government and therefore we will only get about 70 percent of sales,” Ray said.
The new rule — moved up to this year from 2014 — bans shipments of unprocessed gold, silver, platinum, copper, lead, nickel, zinc, iron ore and sand iron, manganese, chromium, molybdenum, bauxite and antimony in a bid to boost value-added products.
The government has made exceptions for miners that plan to build smelters. They will be taxed at an average of 20 percent on ore exports.
Some companies may end up holding back ore shipments if the new levy makes mining unprofitable and might focus instead on building smelters or selling domestically.
Ray said if wouldn’t be easy for sales to shift to the domestic market because its absorption rate was much smaller than the export market. Currently around 90 percent of mining products are exported.
However, Herman Afif Kusumo, head of the Indonesia Mining Community Presidium (MPI), said 20 percent was an acceptable level that local mining concerns could still afford. The new taxes were needed to prevent the rapid overexploitation of Indonesia’s natural resources, he said.
Source: The Jakarta Globe
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
...
Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
|
|
|
Showing 11 to 15 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- White Energy Company Limited
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
|
| |
| |
|