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Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA


COALspot.com:
Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news letter stated that, according to the secretary to the director general of mineral, coal and geothermal, the decree is being drafted by Indonesian Ministry of Energy and Mineral Resources (MEMR) and will be expected to issue the end of November 2010. However, there is no additional information available for the percentage of tax that will be introduced and whether VAT will be applicable to the only domestic market or including export market.  

“If it is applicable to the export market, then Indoensian coal prices will jump drastically, as recently the government has issued a ministerial regulation 17/2010 to control selling price of Indonesian coal as per Indonesian coal price reference” said a coal exporter.

“Based on Ministry of Energy and Mineral Resources’ recommendation Ministry of Finance will issue the decree’, said a officer from mining company.

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Recent News

Thursday, 14 October 10
COAL PRICES AT QINHUANGDAO PORT UP - CAPITALVUE
Capitalvue reported that, prices of steam coal yielding 5,500 kilocalories per kilogram (kcal/kg) in Qinhuangdao Port have risen five yuan to 715-72 ...


Thursday, 14 October 10
DRY BULK MARKET MAINTAINS POSITIVE TREND ON FIRMER CHINESE IRON ORE DEMAND
The dry bulk market has kept its upward trend set since last week, with the industry’s main benchmark, the Baltic Dry Index (BDI) rising to 2, ...


Tuesday, 12 October 10
DRY BULK MARKET LOOKING FOR DIRECTION AFTER WEEK OF CAPESIZE GROWTH
The dry bulk market ended Monday unchanged from Friday’s closing, today standing at 2,695 points. In summary, the capesize and the supramax se ...


Tuesday, 12 October 10
COAL SPOT TRADING MAY SOOTH PRICING CONFLICTS - GLOBAL TIMES
Global Times reported that, Tianjin-based Bohai Commodity Exchange launched steam coal for spot trading for the first time Monday. Steam coal is mai ...


Monday, 11 October 10
INDONESIAN POWER PLANTS AND OTHER INDUSTRIES TO BURN 78.97 MLN TONS OF COAL IN 2011
COALspot.com: The Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree 2360 K/30/MEM/ 2010 related to Domestic mark ...


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