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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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Tuesday, 08 May 12
DRY BULK MARKET LOOKING FOR NEW DIRECTION THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the BDI (Baltic Dry Index) the main benchmark of the dry bulk shipping industry not traded at the start of this week, traders, charterers and s ...
Monday, 07 May 12
INDONESIAN HBA FALL AGAIN IN MAY 2012
COALspot.com - Indonesian HBA fall again to lowest level since January 2011 in May 2012. The monthly coal reference price for coal sales in Ma ...
Sunday, 06 May 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA SWAPS SLIGHTLY DROP THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries slightly dropped this week.
According ...
Sunday, 06 May 12
S7 & S8 ROUTES LIKELY TO BE FIRM NEXT WEEK VISTAAR SINGAPORE
COALspot.com - The BDI remained flat this week and was up just by 1 point closing at 1,157 points.
The cape size index was up by 5.14 pct closing ...
Friday, 04 May 12
DEMOLITION KEY FOR DRY BULK MARKET RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The overflow of newbuilding vessels which “spilled over” into 2012 from 2011 brought the dry bulk market to a near collapse level at the ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- The University of Queensland
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Sojitz Corporation - Japan
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