We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 16 November 11
TAX OFFICE VOWS TO CRACK DOWN ON COAL MINERS - JP
 The Jakarta Post reported that, the Finance Ministry’s Directorate General of Taxation says that it will strengthen its supervision of coal mining companies amid indications of potential legal violations in calculating their tax payments.
Tax office spokesman Dedi Rudaedi said in a press release sent to The Jakarta Post on Tuesday that more tax supervisors who understood the technical aspects of coal mining would be assigned to ensure that there were no legal violations in calculating the companies’ tax burden.
Dedi added that the technical ministry overseeing coal mining companies, the Energy and Mineral Resources Ministry, had the expertise to determine production, cost recovery and operational costs of coal miners.
It was also important to improve the exchange of information between the tax office and the Energy and Mineral Resources Ministry, as mandated by the 2009 Taxation, he added.
“With that effort, the tax office can examine and ensure that the information contained in the tax forms submitted by taxpayers in the coal mining sector is true,” Rudi said.
Deputy Energy and Mineral Resources Minister Widjajono Partowidagdo said that calculating operational costs in the coal mining sector was not as transparent a process as it was in the oil and gas sector.
“In coal, miners calculate operational costs by themselves, while in the oil and gas sector, the amount of the costs must be approved by [upstream oil and gas regulator] BPMigas,” he said.
Widjajono said that a coal and mineral mining company’s revenues were comprised of operational costs, the government’s share and the company’s share.
The higher the costs, the smaller the returns to the government would be, he added.
Indonesian Coal Mining Association (APBI) chairman Bob Kamandanu told the Post that all costs and expenditures reported to the tax office and the Energy and Mineral Resources Ministry were audited first so there was only a very small possibility for a coal miner to balloon their operational cost figures.
“We have a tax officer supervising each coal company. Our financial statements must also be audited by public auditors. We are also audited by the Development Finance Comptroller [BPKP],” he said.
Bob said that the operational costs of coal miners usually came from subcontractors who charged them for each project undertaken.
Coal mining companies checked the validity of prices listed on invoices submitted by subcontractors before approving them, Bob added.
“However, we will fully support it if the government wants to improve its supervision of coal mining companies to check whether there is something wrong,” Bob said.
Indonesia’s coal production is estimated to reach 370 million tons in 2011, with 65 million tons allocated for the domestic market.
The Energy and Mineral Resources Ministry previously said it expected investment in the mineral and coal mining sector to reach US$3.2 billion this year, a slight increase from last year’s figure of $3.18 billion.
Source: The Jakarta Post (By Rangga D. Fadillah)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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. ...
|
|
|
Showing 4961 to 4965 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- The University of Queensland
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
|
| |
| |
|
