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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, 25 June 10
INDIAS THIRD-LARGEST SHIPPING COMPANY BAGS US$ 31 MILLION DEAL WITH SL
Daily Mirror reported that, Mainboard-listed and India-owned dry bulk shipping firm Mercator Lines says it has won a US$ 31 million contract in Sri ...
Friday, 25 June 10
DEMAND FOR COAL COULD BE GRADUALLY RETURNING - FEARNBULK
Handy
Atlantic markets seeing more activity today (23 June 2010) after a slump the last weeks. Supramax vessels open in USG are achieving low/mid ...
Thursday, 24 June 10
INDONESIAS BUMI DECLARED US$ 57.1 MILLION (AMOUNTING TO 30% OF 2009 NET INCOME) AS DIVIDEND
COALspot.com: PT Bumi Resources, Tbk’s Annual General Meeting (AGM) today was successfully held with a quorum of 75.89% resulting in sharehold ...
Thursday, 24 June 10
CHINA TARGETS 3.6 BILLION MT ANNUAL COAL OUTPUT FOR 2015
At a forum in Beijing entitled "Chinese energy strategy and energy development in the 12th five-year plan period (2011-2015)", He Youguo, ...
Thursday, 24 June 10
DRY BULK MARKET AT LOWEST POINT IN EIGHT MONTHS
The dry bulk market’s demise has failed to turn around so far this week, with the industry’s benchmark, the Baltic Dry Index (BDI), yest ...
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- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Economic Council, Georgia
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Indian Energy Exchange, India
- The University of Queensland
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
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