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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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Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
Friday, 06 August 10
KRISHNAPATNAM PORT WINS NON MAJOR PORT AWARD 2ND TIME IN A ROW
COAlspot.com ( Press Release) Krishnapatnam Port, the world-class port on the Indian horizon, took the top honors for the second time in a row, in t ...
Friday, 06 August 10
POLANDS KOPEX GROUP DEVELOPS COAL MINE IN INDONESIA
Polishmarket reported that, Polish mining concern Kopex Group, , is to build the first in Indonesia mechanised underground coal mine. The group is c ...
Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining ...
Thursday, 05 August 10
IRON ORE EXPORT BAN COMPOUNDS PROBLEMS OF INDUSTRY - BUSINESS STANDARD
Forex loss of Rs 300 crore (US$ 65.63 million) ; truckers, ports, Railways bear the brunt
The Karnataka government’s move to ban the export ...
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- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- The University of Queensland
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Australian Coal Association
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
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