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Thursday, 03 May 12
MINERS DEMAND LEGAL CERTAINTY ON PRE-BAN INTERIM POLICY - THE JAKARTA POST
 The Jakarta Post reported that, Mining companies represented by the Indonesian Mining Association (IMA) welcomed the government’s plan to impose export duty on 14 mineral commodities starting May 6, seeing the initiative as a step in the right direction in replacing the initial plan to entirely ban the exporting of commodities.
In a statement issued on Wednesday, the IMA said the ministerial decree on the export ban, which was introduced in February and was set to become effective on May 7, had created much controversy due to the speed of its planned implementation; far earlier than the 2014 deadline set by the 2009 Mining Law, which would have left most mining companies unable to comply.
The government had argued that the quick implementation of the export ban was aimed at avoiding over-exploitation by miners ahead of the 2014 deadline, and to ensure that supplies were secured to meet growing domestic demand.
“The IMA appreciates the government’s [new] plan to issue and implement export taxes on 14 mineral commodities … We hope that given the intention to make Ministerial Decree No. 7/2012 effective on May 6, there will be further clarification from the government on its implementation,” IMA chairman, Martiono Hadianto, said.
Previously, after a wave of protests from mining companies, the government said they could continue exporting as long as certain conditions were met; namely, mining companies had to sign integrity pacts agreeing that in 2014 they would stop exporting metal ore, and they would have to submit a comprehensive proposal on whether they wanted to build smelters -- individually or in joint ventures -- or sell their products domestically.
The government revealed that as many as 17 companies had proposed to build smelters in Indonesia, in addition to the 19 companies that had previously submitted similar plans to the Energy and Mineral Resources Ministry. Altogether, Indonesia will have a total of 36 new smelters built over the next few years.
The IMA has requested that the changes to the export ban regulation be adapted into a new regulation so as to provide legal certainty for all mining companies’ operations.
A mining expert from the Institute for Essential Services Reform, Fabby Tumiwa, agreed that the government needed to provide a legal framework.
“The 2009 Law on Minerals and Coal sets the deadline at 2014, but the ministerial regulation stipulates it’s this month. Now we hear about the government’s plan to apply export tax on metal ore. What can be taxed if raw-material exports have been fully banned?” he said.
He suggested the government revoke the regulation or revise it with a clearer, new regulation to accommodate the export duty.
Ahead of the implementation of the export tax, the IMA also warned the government to consider the fact that mining companies were already paying on average 30 percent taxation on their income.
“We hope the implementation of the export tax will not adversely affect the investment climate in Indonesia and lead to less foreign investment,” Martiono said.
According to Energy and Mineral Resources Minister Jero Wacik, the export taxes, which will be announced by the Finance
Ministry on May 6, will range between 20 and 50 percent of a commodity’s sale value.
State mining firm PT Aneka Tambang’s (Antam) president director, Alwinsyah Lubis, acknowledged that the planned duty would be a challenge for mining companies. But, he understood the government’s goal to prevent over-exploitation of natural resources while awaiting the raw materials export ban to be fully implemented in 2014.
“Business-wise, it will indeed add a greater burden to companies, but I think it is still bearable,” he said in a recent exclusive interview with The Jakarta Post.
Source: The Jakarta Post
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Friday, 08 June 12
MINISTER DENIES COAL EXPORT TAX PLAN, ENDORSES RESTRICTIONS - THE JAKARTA POST
The Jakarta post, one of the leading english news paper in Indonesia reported that, Energy and Mineral Resources Minister Jero Wacik has denied that ...
Friday, 08 June 12
NO IMMEDIATE IMPACT ON ADARO'S RATING FROM BEP TRANSACTION - FITCH RATINGS
Fitch Ratings has said that PT Adaro Indonesia's (Adaro, 'BB+'/ Stable) ratings are not immediately affected by its parent PT Adaro Energy Tbk's ...
Thursday, 07 June 12
DRY BULK MARKET FALLS FOR 10 STRAIGHT SESSION ON OVERSUPPLY PROBLEMS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A resurgence of oversupply, coupled with national holidays in various parts of the world has contributed to yet another fall of the dry bulk market ...
Thursday, 07 June 12
COAL EXPORT TAX NOT RATIONAL: MINISTER - THE JAKARTA POST
Trade Minister Gita Wirjawan has criticized as irrational the idea to restrict coal exports by imposing an export tax, According to The Jakarta post ...
Thursday, 07 June 12
BY 2022 PLN IS EXPECTED TO BURN AROUND 125 MILLION TONS OF COAL
COALspot.com - Indonesia's state owned electricity company's (PLN) coal consumption is expected to reach 125.7 million tons by 2012.
Nur Pamudj ...
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- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
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