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Sunday, 06 May 12
EXPORT DUTY ON MINERAL FINALLY TO BECOME EFFECTIVE NEXT WEEK
.jpg) COALspot.com - Mineral ore exporters of Indonesia ( only IUP holders) are required to obtain recommendation letter from the energy and mineral resources ministry before being able to export metal ore starting from 7th May 2012 until 12 January 2014.
By 12 January 2014, all mineral ore and unprocessed coal exports will be stopped.
According to a notice published on directorate general of mineral and coal’s website, the recommendation will only be granted to companies, if the companies fulfill certain requirements, such as IUP status must be clean and clear, the company have paid all their tax and non-tax financial obligations, and they must submit a comprehensive proposal on whether they want to build their own smelters, establish a consortium with other companies to jointly build smelters, or sell their raw materials to smelting companies in the country.
Companies must also require to sign integrity pacts with the government undertaking they will stop exporting raw materials in 2014 as mandated by the Minerals and Coal Law. A 20-percent export duty on 14 mineral commodities (antimony, bauxite, chromium, copper, gold, iron ore, iron sand, lead, manganese, molybdenum, nickel, platinum, silver and tin ) will be imposed from 7th May 2012.
In the meantime, the energy and mineral resources ministry’s director general for minerals and coal, revealed the export tax and the requirements would apply only to IUP holders and not for contract of work (CoW) holders.
The government was silent on coal either export duty or export ban. Previously government was planning to introduce a ban on low calorific value coal or unprocessed coal by 2014, and finance ministry of Indonesia is expected to issue a regulation to impose export duty. A official from directorate general of mineral and coal previously revealed that, the export duty will be around 25 percent in 2012 and 50 percent in 2013.
However instead of proposed 25 percent export duty on mineral in 2012, now government is introduced only 20 percent duty and coal exempted temporary from any export duty.
If export duty on coal introduced and implemented, it will be applicable only for IUP holders and not for CCoW holders. According to market sources, CCoW holders are holding at least 70-80 percent of Indonesian coal production and exports.
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Friday, 01 June 12
COKAL ACCEPTED ON THE CLEAN AND CLEAR LIST FOR ITS BORNEO BARA PRIMA AND BUMI BARITO MINERAL PROJECTS
- Borneo Bara Prima (BBP) Project confirmed on the Clean and Clear List 9th May 2012
- Bumi Barito Mineral (BBM) Project confirmed on the Clean and ...
Friday, 01 June 12
ADARO BUYS MAJORITY STAKE IN AFFILIATED BHAKTI ENERGI - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk entered into an option to provide a convertible loan of up to US$500 million for a period of 3 ye ...
Thursday, 31 May 12
DRY BULK MARKET UNABLE TO FIND NEW SUPPORT TO REACH HIGHER LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been unable to find new support and recover to higher levels during these past few days. As a result, the Baltic Dry Index ( ...
Wednesday, 30 May 12
ORPHEUS RAISES $2.24M TO ADVANCE INDONESIAN COAL PRODUCTION ASSETS
• $2.24 million raised from a placement to new and existing institutional and sophisticated investors from Australia and overseas
• Funds ...
Wednesday, 30 May 12
ARPENI SECURES TRANSSHIPMENT CONTRACT FROM BARUNA DIRGA
Insider Stories reported that, shipping operator PT Arpeni Pratama Ocean Line Tbk (APOL) has secured a 1-year coal transhipment contract of 4 millio ...
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- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- The University of Queensland
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Anglo American - United Kingdom
- MS Steel International - UAE
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Indogreen Group - Indonesia
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