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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
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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- The University of Queensland
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
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