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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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Saturday, 26 November 11
THE FREIGHT MARKETS EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market were down probably with the sentiments of global financial markets and all segments were down.
The BDI was up down by 4 ...
Friday, 25 November 11
DISPUTE BETWEEN GIANT MINING FIRMS ENDS IN LAHAT - THE JAKARTA POST
The Jakarta Post reported that, prolonged dispute taking place in the South Sumatra regency of Lahat and involving two giant mining companies PT Buk ...
Friday, 25 November 11
DRY BULK MARKET LOSING STEAM, FAST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s been a week of falls for the dry bulk market this one, leaving ship owners with a sour taste in their mouths, as evidence of a recovery i ...
Thursday, 24 November 11
INDONESIA/INDIA SPMX TC AROUND $ 7/8K AND AROUND $ 12/13.00 PMTS ON VOYAGE BASIS - FEARNLEYS
Handy
Last week ended on a positive note in the Atlantic however the activity levels are somewhat reduced. Owners are asking in excess of USD ...
Thursday, 24 November 11
DRY BULK MARKET KEEPS LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was lower once again on Wednesday, with the industry’s benchmark, the Baltic Dry Index (BDI) ending the session down by 1. ...
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- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Planning Commission, India
- London Commodity Brokers - England
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- GMR Energy Limited - India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
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