COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Friday, 13 April 12
S&P CAUTIONS AGAINST NEW INDONESIAN MINING REGULATIONS - THE JAKARTA GLOBE


The Jakarta Globe reported that, Investors may have expressed concerns about looming new mining regulations, but ratings agency Standard & Poor’s says it doubts the government will implement them strictly.

“Whether the government of Indonesia will follow up on its hard-line stance is still a question,” the ratings agency said in its latest report on mining.

However, S&P added that “our ratings on mining companies operating in Indonesia have long factored in the country’s evolving regulations. Therefore, our credit outlook on the sector remains stable.”

The government this year issued a series of controversial mining regulations, including plans for an ore export ban, higher royalties, a ceiling on foreign ownership of mining assets, a required upgrade in coal quality before export and so-called “contract of work” renegotiations.

“Not a week has passed without government officials calling for additional royalties, a review of ownership rules or a more equal redistribution of mineral wealth,” S&P said in the report.

Industry Minister M.S. Hidayat was on Thursday quoted by Reuters reiterating an earlier statement by his ministry that the government is studying a 25 percent tax on mining exports this year that will become a 50 percent tax in 2013.

S&P said that if the move is strictly implemented, it “would undeniably hurt Indonesian mining companies as well as international companies that have mining operations in Indonesia. It would raise the cost of doing business in the sector and lessen its attractiveness to investors.”

The ratings agency said that it believed “the government of Indonesia will take a pragmatic approach while implementing mining regulations, given the sector’s economic importance.”

Last year, the government received $6.5 billion in taxes and royalties from mining companies, constituting 5 percent of total government revenue.

Dileep Srivastava, the investor relations director at large coal miner Bumi Resources, expressed concern about the tax.

“If this is enacted, some of our metals and minor coal assets may be vulnerable,” he said.

“But it is premature to form any view yet.”
Source: The Jakarta Globe



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Sunday, 22 January 12
FREIGHT MARKET DROPPED TO THE LOWEST LEVEL SINCE 2008
COALspot.com - "The markets continued to soften almost reaching 2008 levels breaking the 1,000 point mark", said Capt. Reddy of Vistaar Sh ...


Saturday, 21 January 12
ASIAS PREMIER COMPREHENSIVE OPEN CUT MINING CONFERENCE SCHEDULED FOR FEBRUARY 2012
As the only such conference in the region for miners and service providers, IBC Asia’s Open Cut Mine Planning & Operational Excellence con ...


Saturday, 21 January 12
COAL MARKETS CELEBRATES A DECADE OF BRINGING BUYERS & SELLERS TOGETHER
In 2012, IBC Asia’s premier Coal Markets conference series – Asia’s only globally focused coal import, export and supply chain eve ...


Saturday, 21 January 12
SAMIN TAN COMPLETES BUMI PLC TAKEOVER - INSIDER STORIES
Insider Stories reported that, Indonesian coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN), that is controlled by stellar businessm ...


Thursday, 19 January 12
SOUTHGOBI RESOURCES SELLS MORE THAN FOUR MILLION TONNES OF COAL IN 2011, 58% MORE THAN 2010
COALspot.com - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) has successfully complets year 2011 on guidance in terms of coal sales and production. ...


   974 975 976 977 978   
Showing 4876 to 4880 news of total 6871
News by Category
Popular News
 
Total Members : 28,624
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • PNOC Exploration Corporation - Philippines
  • Maruti Cements - India
  • Gresik Semen - Indonesia
  • Cardiff University - UK
  • Goldman Sachs - Singapore
  • Kobexindo Tractors - Indoneisa
  • Lafarge - France
  • Jatenergy - Australia
  • International Coal Ventures Pvt Ltd - India
  • GHCL Limited - India
  • IHS Mccloskey Coal Group - USA
  • Moodys - Singapore
  • Australian Commodity Traders Exchange
  • Platou - Singapore
  • Carbofer General Trading SA - India
  • Fearnleys - India
  • Binh Thuan Hamico - Vietnam
  • Energy Development Corp, Philippines
  • Runge Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Independent Power Producers Association of India
  • Thriveni
  • Bangladesh Power Developement Board
  • Cemex - Philippines
  • NALCO India
  • Geoservices-GeoAssay Lab
  • UOB Asia (HK) Ltd
  • Petron Corporation, Philippines
  • Altura Mining Limited, Indonesia
  • Siam City Cement PLC, Thailand
  • Meenaskhi Energy Private Limited - India
  • Core Mineral Indonesia
  • Planning Commission, India
  • Therma Luzon, Inc, Philippines
  • PLN - Indonesia
  • Inco-Indonesia
  • Semirara Mining Corp, Philippines
  • globalCOAL - UK
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Coastal Gujarat Power Limited - India
  • DBS Bank - Singapore
  • Kepco SPC Power Corporation, Philippines
  • Tanito Harum - Indonesia
  • TNPL - India
  • Posco Energy - South Korea
  • PetroVietnam
  • Coal and Oil Company - UAE
  • CoalTek, United States
  • Adani Power Ltd - India
  • Kaltim Prima Coal - Indonesia
  • Indonesian Coal Mining Association
  • JPower - Japan
  • Gujarat Electricity Regulatory Commission - India
  • Argus Media - Singapore
  • Adaro Indonesia
  • Platts
  • India Bulls Power Limited - India
  • Siam City Cement - Thailand
  • Uttam Galva Steels Limited - India
  • OPG Power Generation Pvt Ltd - India
  • Alfred C Toepfer International GmbH - Germany
  • Merrill Lynch Commodities Europe
  • Cebu Energy, Philippines
  • KPMG - USA
  • Chamber of Mines of South Africa
  • APGENCO India
  • Wood Mackenzie - Singapore
  • Bukit Makmur.PT - Indonesia
  • Indian School of Mines
  • Chettinad Cement Corporation Ltd - India
  • IBC Asia (S) Pte Ltd
  • KOWEPO - South Korea
  • Petrochimia International Co. Ltd.- Taiwan
  • Bank of America
  • Bharathi Cement Corporation - India
  • MEC Coal - Indonesia
  • Medco Energi Mining Internasional
  • Kohat Cement Company Ltd. - Pakistan
  • Ind-Barath Power Infra Limited - India
  • Singapore Mercantile Exchange
  • ETA - Dubai
  • HSBC - Hong Kong
  • TRAFIGURA, South Korea
  • Maheswari Brothers Coal Limited - India
  • Samtan Co., Ltd - South Korea
  • ASAPP Information Group - India
  • Clarksons - UK
  • Mjunction Services Limited - India
  • Pinang Coal Indonesia
  • London Commodity Brokers - England
  • J M Baxi & Co - India
  • Star Paper Mills Limited - India
  • Dalmia Cement Bharat India
  • Lanco Infratech Ltd - India
  • Gujarat Sidhee Cement - India
  • Coal Orbis AG
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Wilmar Investment Holdings
  • Georgia Ports Authority, United States
  • Orica Australia Pty. Ltd.
  • South Luzon Thermal Energy Corporation
  • Interocean Group of Companies - India
  • GVK Power & Infra Limited - India
  • Xstrata Coal
  • Malco - India
  • TANGEDCO India
  • Meralco Power Generation, Philippines
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Indonesia Power. PT
  • Indian Oil Corporation Limited
  • Global Green Power PLC Corporation, Philippines
  • SMC Global Power, Philippines
  • Orica Mining Services - Indonesia
  • Cosco
  • Australian Coal Association
  • Rio Tinto Coal - Australia
  • SGS (Thailand) Limited
  • Price Waterhouse Coopers - Russia
  • Madhucon Powers Ltd - India
  • Ministry of Transport, Egypt
  • EMO - The Netherlands
  • VISA Power Limited - India
  • Africa Commodities Group - South Africa
  • Russian Coal LLC
  • Larsen & Toubro Limited - India
  • CCIC - Indonesia
  • Riau Bara Harum - Indonesia
  • Aditya Birla Group - India
  • Banpu Public Company Limited - Thailand
  • KPCL - India
  • Rashtriya Ispat Nigam Limited - India
  • Commonwealth Bank - Australia
  • Globalindo Alam Lestari - Indonesia
  • Petrosea - Indonesia
  • Kobe Steel Ltd - Japan
  • Intertek Mineral Services - Indonesia
  • Ambuja Cements Ltd - India
  • Sakthi Sugars Limited - India
  • Tata Power - India
  • Humpuss - Indonesia
  • Coal India Limited
  • Asian Development Bank
  • Ince & co LLP
  • Global Coal Blending Company Limited - Australia
  • Directorate Of Revenue Intelligence - India
  • Salva Resources Pvt Ltd - India
  • Kapuas Tunggal Persada - Indonesia
  • Eastern Energy - Thailand
  • Bukit Asam (Persero) Tbk - Indonesia
  • Central Java Power - Indonesia
  • Bangkok Bank PCL
  • Global Business Power Corporation, Philippines
  • Bukit Baiduri Energy - Indonesia
  • Tata Chemicals Ltd - India
  • Jaiprakash Power Ventures ltd
  • SRK Consulting
  • Cigading International Bulk Terminal - Indonesia
  • Panama Canal Authority
  • Edison Trading Spa - Italy
  • Tamil Nadu electricity Board
  • Vale Mozambique
  • Sical Logistics Limited - India
  • Borneo Indobara - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Coaltrans Conferences
  • Mitsubishi Corporation
  • Mintek Dendrill Indonesia
  • Metalloyd Limited - United Kingdom
  • Surastha Cement
  • U S Energy Resources
  • Vedanta Resources Plc - India
  • GB Group - China
  • GAC Shipping (India) Pvt Ltd
  • Essar Steel Hazira Ltd - India
  • Thailand Anthracite
  • Mercator Lines Limited - India
  • Barclays Capital - USA
  • Parliament of New Zealand
  • Asmin Koalindo Tuhup - Indonesia
  • Antam Resourcindo - Indonesia
  • Noble Europe Ltd - UK
  • World Bank
  • Attock Cement Pakistan Limited
  • Arch Coal - USA
  • Berau Coal - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Indo Tambangraya Megah - Indonesia
  • CIMB Investment Bank - Malaysia
  • Pendopo Energi Batubara - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Bhoruka Overseas - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Mitsui
  • Thai Mozambique Logistica
  • Sindya Power Generating Company Private Ltd
  • Vizag Seaport Private Limited - India
  • White Energy Company Limited
  • Coalindo Energy - Indonesia
  • European Bulk Services B.V. - Netherlands
  • PLN Batubara - Indonesia
  • Anglo American - United Kingdom
  • BRS Brokers - Singapore
  • Sucofindo - Indonesia
  • Xindia Steels Limited - India
  • Indian Energy Exchange, India
  • Savvy Resources Ltd - HongKong
  • Timah Investasi Mineral - Indoneisa
  • Sinarmas Energy and Mining - Indonesia
  • WorleyParsons
  • Karaikal Port Pvt Ltd - India
  • Permata Bank - Indonesia
  • GMR Energy Limited - India
  • Malabar Cements Ltd - India
  • TeaM Sual Corporation - Philippines
  • Indogreen Group - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Romanian Commodities Exchange
  • Kartika Selabumi Mining - Indonesia
  • Reliance Power - India
  • Qatrana Cement - Jordan
  • Rudhra Energy - India
  • SASOL - South Africa
  • Gupta Coal India Ltd
  • TGV SRAAC LIMITED, India
  • Holcim Trading Pte Ltd - Singapore
  • GN Power Mariveles Coal Plant, Philippines
  • Cargill India Pvt Ltd
  • Parry Sugars Refinery, India
  • Bhatia International Limited - India
  • McConnell Dowell - Australia
  • Freeport Indonesia
  • World Coal - UK
  • Iligan Light & Power Inc, Philippines
  • NTPC Limited - India
  • JPMorgan - India
  • Arutmin Indonesia
  • Simpson Spence & Young - Indonesia
  • Deutsche Bank - India
  • Vitol - Bahrain
  • UBS Singapore
  • Karbindo Abesyapradhi - Indoneisa
  • Port Waratah Coal Services - Australia
  • Neyveli Lignite Corporation Ltd, - India
  • Straits Asia Resources Limited - Singapore
  • Merrill Lynch Bank
  • San Jose City I Power Corp, Philippines
  • Marubeni Corporation - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Toyota Tsusho Corporation, Japan
  • Agrawal Coal Company - India
  • Bhushan Steel Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Mechel - Russia
  • Japan Coal Energy Center
  • Trasteel International SA, Italy
  • Electricity Generating Authority of Thailand
  • Jindal Steel & Power Ltd - India
  • Indika Energy - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • PTC India Limited - India
  • Mercuria Energy - Indonesia
  • Power Finance Corporation Ltd., India
  • Kumho Petrochemical, South Korea
  • The State Trading Corporation of India Ltd
  • Sojitz Corporation - Japan
  • PetroVietnam Power Coal Import and Supply Company
  • GNFC Limited - India
  • MS Steel International - UAE
  • Videocon Industries ltd - India
  • bp singapore
  • Credit Suisse - India
  • RBS Sempra - UK
  • SUEK AG - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Mitra SK Pvt Ltd - India
  • EIA - United States
  • OCBC - Singapore
  • Barasentosa Lestari - Indonesia
  • Maybank - Singapore
  • Total Coal South Africa
  • Manunggal Multi Energi - Indonesia
  • CNBM International Corporation - China
  • Economic Council, Georgia
  • Grasim Industreis Ltd - India
  • Maharashtra Electricity Regulatory Commission - India
  • Deloitte Consulting - India
  • Asia Cement - Taiwan
  • Maersk Broker
  • Inspectorate - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Infraline Energy - India
  • Baramulti Group, Indonesia
  • Sree Jayajothi Cements Limited - India
  • Renaissance Capital - South Africa
  • IEA Clean Coal Centre - UK
  • Thermax Limited - India
  • Miang Besar Coal Terminal - Indonesia
  • Shree Cement - India
  • Ministry of Mines - Canada
  • Leighton Contractors Pty Ltd - Australia
  • Minerals Council of Australia
  • Aboitiz Power Corporation - Philippines
  • Sarangani Energy Corporation, Philippines
  • Latin American Coal - Colombia
  • Electricity Authority, New Zealand
  • Heidelberg Cement - Germany
  • The Treasury - Australian Government
  • Bulk Trading Sa - Switzerland
  • Semirara Mining and Power Corporation, Philippines
  • PowerSource Philippines DevCo
  • Makarim & Taira - Indonesia
  • Cement Manufacturers Association - India
  • Eastern Coal Council - USA
  • ACC Limited - India
  • ANZ Bank - Australia
  • IOL Indonesia
  • Shenhua Group - China
  • IMC Shipping - Singapore
  • Peabody Energy - USA
  • CESC Limited - India
  • Bank of China, Malaysia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Samsung - South Korea
  • Standard Chartered Bank - UAE
  • Thomson Reuters GRC
  • Oldendorff Carriers - Singapore
  • ING Bank NV - Singapore
  • BNP Paribas - Singapore
  • Indorama - Singapore
  • Ministry of Finance - Indonesia
  • Formosa Plastics Group - Taiwan
  • KEPCO - South Korea
  • ICICI Bank Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • Gujarat Mineral Development Corp Ltd - India
  • Britmindo - Indonesia
  • SMG Consultants - Indonesia
  • The University of Queensland
  • New Zealand Coal & Carbon
  • Coeclerici Indonesia
  • McKinsey & Co - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Thiess Contractors Indonesia
  • Idemitsu - Japan
  • Ernst & Young Pvt. Ltd.
  • Central Electricity Authority - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Energy Link Ltd, New Zealand
  • Kideco Jaya Agung - Indonesia
  • Glencore India Pvt. Ltd
  • Enel Italy
  • The India Cements Ltd
  • LBH Netherlands Bv - Netherlands
  • Directorate General of MIneral and Coal - Indonesia