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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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Wednesday, 11 April 12
DRY BULK MARKET STILL SUBDUED, RECOVERY NOT YET SEEN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market entered the new week after the past days of easter holidays in western countries in a subdued mood. The industry’s benchma ...
Monday, 09 April 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first week of April ended with the Baltic Dry Index falling below 950 points, before Catholic Easter, and capesizes showing a modest upturn with ...
Sunday, 08 April 12
CHARTER RATES COULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI was almost at same levels closing slightly lower by 0.64 pct at 928 points.
The Cape index was up by 6.73 pct closing at ...
Friday, 06 April 12
INDONESIAN HBA FALL TO LOWEST LEVEL SINCE JANUARY 2011
COALspot.com - Indonesian HBA fall to lowest level since January 2011 this month. The monthly coal reference price for coal sales in April fal ...
Friday, 06 April 12
DRY BULK MARKET SWIFT TO HALT FALL ON RENEWED DEMAND FOR CAPESIZES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk managed to put a stop to the recent falls, which came as a result of a lacklustre demand for smaller vessel sizes. Although this trend ...
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- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- MS Steel International - UAE
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
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