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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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Wednesday, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
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- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- White Energy Company Limited
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- The University of Queensland
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
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