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Thursday, 17 May 12
COAL MINERS OPPOSE EXPORT TAX, SUGGEST OUTPUT QUOTA - THE JAKARTA POST
 The Jakarta Post reported that, coal miners have suggested that the government apply a production quota instead of implementing an export tax in order to prevent over-exploitation.
Supriatna Suhala, executive director of the Indonesian Coal Mining Association (APBI), said in Jakarta on Tuesday that a production quota for each company would be more acceptable than the export tax since coal miners currently paid different levels of tax to the government.
“For the first generation contracts of work [known as PKP2B], the royalty is 30 percent plus corporate tax at 45 percent, while for mining permits [IUP], issued after 2009, the royalty is only between 13.5 percent with 25 percent corporate tax,” he said.
“If the government applies the export tax, the first generation contract holders will be heavily burdened, they may also bring the regulation to arbitration. The export tax is a good idea as long as all companies are on a level playing field,” he continued.
The government had to study the plan very carefully, Supriatna urged. The association had sent a letter to the Finance Ministry’s fiscal agency to explain the situation faced by coal-mining companies, he added.
Imposing a production quota would be a better way to preserve Indonesia’s coal reserves, he suggested. He argued that the government had to set a national production quota and divide it among the existing coal-mining companies.
“Existing companies continuously expand their production and new companies arrive,” Supriatna emphasized.
However, he said the best way to utilize the country’s coal reserves was to burn them in mine-mouth power plants so that they supported economic growth and raised people’s living standards.
The Energy and Mineral Resources Ministry’s coal director, Edi Prasodjo, revealed that new regulations on coal mining and trading were currently under discussion and he could not comment on the progress.
He acknowledged that the increasing pace of coal production was indeed worrisome. The situation was made worse by the fact that most of the production was exported because domestic consumption was still very low, he added.
“I predict, next year, our production will hit 450 million tons,” Edi reported.
In the first quarter, APBI said, Indonesia’s coal production hit 108 million tons. Last year, the production was 370 million tons.
The government has already applied a 20 percent export tax on 14 mineral commodities, namely antimony, bauxite, chromium, copper, gold, iron ore, iron sand, lead, manganese, molybdenum, nickel, platinum, silver and tin.
Energy and Mineral Resources Minister Jero Wacik has said the government will also issue regulations to control coal production and trading.
The government has also issued a regulation limiting foreign ownership of mines to only 49 percent. The regulation will apply to mining permits, including for coal, issued after the regulation was approved on Feb. 21 this year.
Source: The Jakarta Post
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Tuesday, 22 May 12
NEW ONE-YEAR TIME CHARTERS FOR TWO VESSELS OF EXCEL MARITIME CARRIERS LTD.
Excel Maritime Carriers Ltd. (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportat ...
Tuesday, 22 May 12
DRY BULK MARKET STEADY, AWAITING FURTHER RISE IN DEMAND WHICH IS DOUBTFUL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Traditionally, the second and third quarters of the year are the strongest for the dry bulk market, but this year, things seem to be quite subdued, ...
Sunday, 20 May 12
SPOT FREIGHT RATE DIPS FURTHER - VISTAAR
COALspot.com - The BDI was marginally up by 3 points (0.26 pct) closing at 1,141 points.
The cape index was up by 1.17 pct closing at 1,633 point ...
Saturday, 19 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP US$ 2.88 PMT W-O-W
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries have drops this week by 3.86 percent and& ...
Saturday, 19 May 12
INDONESIAN EXPORT TAX GIVES COAL MINERS A CHEAP RIDE: ANALYSTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s policy to exclude coal from an export tax that has been applied to 14 other mineral commodities h ...
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- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- The University of Queensland
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- White Energy Company Limited
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
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