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Friday, 02 July 10
MINERALS RESOURCE TAXATION IN AUSTRALIA - PRESS RELEASE
 Press Release : Rio Tinto acknowledges the Australian Government’s announcement that the Resource Super Profits Tax (RSPT) proposal will be replaced with a Mineral Resource Rent Tax (MRRT).
Rio Tinto has consistently maintained that any tax reform proposal should not be applied retrospectively and must retain Australia’s international competitiveness as an investment destination.
David Peever, Managing director Rio Tinto Australia, said that today’s announcement by the Government is an important step towards satisfying these fundamental principles.
“We all want a minerals taxation system that grows the mining industry in Australia. A strong mining sector keeps the Australian economy strong, spreading prosperity to all Australians,” Mr Peever said.
“The Prime Minister’s announcement follows constructive discussions over the past week between the Government and mining companies. There is, however, still a lot of work to do. As one of Australia’s biggest taxpayers, Rio Tinto is committed to working constructively with Government to ensure that the tax system continues to encourage investment in Australia.”
The MRRT proposal is an improvement on the RSPT. Recognition of market value for existing mines and a reduction in the headline tax rate represent significant progress in achieving Rio Tinto’s fundamental principles of tax reform.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.
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Friday, 03 September 10
NALCO, INDONESIAN FIRM DIFFER ON COAL SUPPLY TO SMELTER - DNA INDIA
A few days ago, National Aluminium Company (Nalco) advertised in Indonesian newspapers asking for companies to bid for coal supplies for its 500,000 ...
Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
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- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- VISA Power Limited - India
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- PTC India Limited - India
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
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