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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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Sunday, 29 April 12
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The BDI continued to go up with the support of Panamax/Supramax and was up by 8.34 pct closing at 1,156 points.
The cape index was ...
Sunday, 29 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS FOR MAY 2012 DELIVERY WAS STABLE THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps for May deliveries stable this week, according to DSP of SGX AsiaClear OTC Coal Swaps. In the me ...
Friday, 27 April 12
BUKIT ASAMS NET INCOME UP 14% IN 1Q 2012 (UNAUDITED)
Press Release - PT Bukit Asam (Persero) Tbk, announced the Consolidated Financial Statements and Subsidiaries per 31 March 2012 (Unaudited).
Reve ...
Thursday, 26 April 12
AUSTRALIAS COKAL EXPANDS MET COAL POTENTIAL INTO WEST KALIMANTAN
COALspot.com - Global metallurgical coal group Cokal Limited (Cokal) (ASX:CKA) announced today it has completed the acquisition of 75.2% of PT Silan ...
Thursday, 26 April 12
BUKIT ASAMS 1Q OPERATING PROFIT MARGIN HAS INCREASED BY 6% TO RP. 1 TRILLION
COALspot.com - PT. Bukit Asam (Persero), the Indonesia’s state owned coal miner's 1Q, 2012 revenue has increased by 31% to Rp. 3.02 trillion ...
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- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- The University of Queensland
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- PTC India Limited - India
- ICICI Bank Limited - India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
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