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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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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
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- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Planning Commission, India
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- The University of Queensland
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
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