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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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Monday, 28 May 12
COAL EXPORTS ARE JUMPING HIGHER, BUT PRICES ARE FALLING LOWER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31.86* million tons of coal in April 2012, compared to 30.64* million tons i ...
Sunday, 27 May 12
THE FREIGHT MARKET FROM INDONESIA TO INDIA WAS WEAK - VISTAAR
COALspot.com - The BDI continued to fall for the fourth straight week and the BDI fell by 9.38 pct this week closing at 1,034 points.
The Cape Si ...
Sunday, 27 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS HEADING TO SOUTH DIRECTION
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries have dropped this week by 5.43 percent an ...
Saturday, 26 May 12
DRY BULK SHIP OWNERS LOOKING TO CUT BACK ON TONNAGE SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of dry bulk carriers has been the most prominent problem in the market today, pushing down rates and ‘strangling’ profita ...
Thursday, 24 May 12
DRY BULK MARKET RETREATS ON LACK OF CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated yesterday on the back of lower Chinese demand for commodities such as coal and iron ore, typically hauled by dry bulk ...
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Showing 4716 to 4720 news of total 6871 |
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- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Planning Commission, India
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Central Electricity Authority - India
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
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