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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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Thursday, 03 May 12
DRY BULK MARKET REMAINS INACTIVE, POSTING MILD DECREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept retreating this week, although at a very low pace, on the back of a lull in demand. The industry's benchmark, th ...
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 impo ...
Thursday, 03 May 12
HANDY EAST COAST INDIA - CHINA AROUND USD 7000 - FEARNLEYS AS
Handy - Stable demand in the Atlantic offered good rates for the tonnage.
USG/Cont was worth USD 17500 and more. Baltic and Black Sea appeared to ...
Wednesday, 02 May 12
CHINA BLACKOUTS HIGHLIGHT PRICING POLICY WEAKNESS - FITCH
Fitch reported that, the likelihood of further electricity blackouts in China this summer underlines Fitch's view of the basic problem f ...
Tuesday, 01 May 12
VIETNAM FEARS IT MAY NOT SEEK COAL SUPPLIES - TBKTSG / VIETNAMNET BRIDGE
TBKTSG / VietNamNet Bridge reported that, with five coal-run thermopower plants under construction, PetroVietnam alone would need 18 million tons of ...
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- The University of Queensland
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- PTC India Limited - India
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- VISA Power Limited - India
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
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