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Tuesday, 04 October 11
COAL MINING GROUP WANTS EXPORT TAX, NOT EXCISE - JG
 One of the leading English news paper in Indonesia, The Jakarta Globe reported that, the government shall reimpose a duty on coal exports, classifying it as a good that has a negative impact instead of charging the commodity with excise, in hopes of boosting state revenue as well as securing domestic needs, according to an executive at the Indonesian Coal Mining Association (APBI).
Supriatna, the executive director of APBI, said on Sunday that the export duty would boost this year’s state revenue as Indonesia is expected to sell 76 percent of its coal output overseas, especially to Asia’s energy-demanding countries such as China, India, Japan and South Korea. APBI is projecting the nation’s coal production to reach 360 million tons this year, after output was 320 million tons in 2010.
Supriatna was optimistic that Indonesia, the world’s second-largest coal exporter after Australia, has strong bargaining power, and global consumers will buy coal even though the price may need to be adjusted if the additional tax takes effect. “Coal is primary energy, it is always needed,” Supriatna said on Sunday.
On Thursday, finance minister Agus Martowardojo set coal as one of 15 products – along with carbonated soft drinks; electric cigarettes; dyes, monosodium glutamate; and diamonds – that should be levied. Indonesia’s excise law says the government can impose excise, or a specific tax, on goods that have negative impact to humans or the environment.
Agung Kuswandono, director general of customs and excises at the finance ministry, said Tuesday that coal was charged as an excise object because of its potential to damage the environment from both its extraction and use. No other minerals have excise taxes.
Indonesia imposed a complex set of export taxes for crude palm oil, the rates of which vary with the international price, as producers seek to create added value to the commodity, apart from securing domestic demand.
Supriatna of APBI believes that should the government impose the tax, it will not hurt coal miners by passing on the costs to consumers. “It will be passed on to buyers. That won’t hurt us,” he said.
However, Supriatna was concerned about the impact to local buyers, including state utility company Perusahaan Listrik Negara, which is likely to bear the burden because electricity rates are fixed, and the company may not be able to pass on the higher costs – any change in utility rates is likely to become a lengthy process with legislators.
“The biggest consumer for domestic market would be PLN. They are building large coal-fired power plants,” Supriatna said.
He said that the government should proceed cautiously with the plan, as 70 percent of total coal mining contracts wouldn’t be affected because of a grandfather clause. Instead, he said, “there must be a renegotiation of contracts.”
The government is eyeing Rp 68.1 trillion in excise revenue in its 2011 revised budget, up 3 percent from last year’s Rp 66.2 trillion. The biggest excise contributor is cigarettes, followed by alcohol.
Source: The Jakarta Globe (Ririn Radiawati Kusuma)
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Thursday, 06 October 11
REALM SECURES 51% OF KATINGAN RIA COAL PROJECT IN CENTRAL KALIMANTAN
•Realm secures 51% of PT Katingan Ria Thermal Coal Project in Central Kalimantan
•Realm takes ownership of Kalres Limited
•Acquisit ...
Thursday, 06 October 11
SOUTH EAST ASIAS AGGRESSIVE POWER DEMAND GROWTH WILL REQUIRE INVESTMENT OF US$125 BN BY 2020 - WOOD MACKENZIE
COALspot.com - Wood Mackenzie says that South East Asia’s demand growth for new power generation is so aggressive that new power generation in ...
Thursday, 06 October 11
CHINESE DEMAND FOR COAL IMPORTS TO MODERATE IN 2012 - MISWIN MAHESH
COALspot.com - We expect Chinese demand growth for imported steam coal to moderate over the next year. Steam coal imports into China will modera ...
Wednesday, 05 October 11
MINISTRY STICKING TO RAW COMMODITY EXPORT BAN DESPITE INDUSTRY FEARS - JG
The Jakarta Globe, the one of the leading English news paper in Indonesia, reported that, the details of a controversial new regulation that would b ...
Wednesday, 05 October 11
ATLANTIC AND PACIFIC BASINS BECAME TIGHTER FOR PANAMAX LAST WEEK - BRS
A slump for both the Capes and Panamaxes sent the BDI down 1% this week, falling to 1,899 points.
The Capes saw the greatest movement, sliding - ...
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- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- The University of Queensland
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Australian Coal Association
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
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