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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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Thursday, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...
Wednesday, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen to jointly develop coal business in India ...
Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 ...
Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...
Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...
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- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Planning Commission, India
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
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