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Friday, 18 May 12
EXPORT TAX WILL ERODE PROFITS, INDONESIAN COAL EXEC COMPLAINS - THE JAKARTA GLOBE
 The Jakarta Globe reported that, A 20 percent export duty the government has imposed on 14 mineral ore products will not only take a toll on mining companies’ profits but also cause problems in the domestic market, which won’t be able to absorb all the output, a mining executive said.
Ray Antonio Gunara, president director of Harum Energy (HRUM), a coal mining and logistics company with operations in East Kalimantan, said that his business already had to pay a 13.5 percent royalty and that the additional 20 percent would only cut deeper into its profit margin.
“If the policy is really implemented, it would mean that besides of the 13.5 percent royalty obligation, we will also have to pay another 20 percent to the government and therefore we will only get about 70 percent of sales,” Ray said.
The new rule — moved up to this year from 2014 — bans shipments of unprocessed gold, silver, platinum, copper, lead, nickel, zinc, iron ore and sand iron, manganese, chromium, molybdenum, bauxite and antimony in a bid to boost value-added products.
The government has made exceptions for miners that plan to build smelters. They will be taxed at an average of 20 percent on ore exports.
Some companies may end up holding back ore shipments if the new levy makes mining unprofitable and might focus instead on building smelters or selling domestically.
Ray said if wouldn’t be easy for sales to shift to the domestic market because its absorption rate was much smaller than the export market. Currently around 90 percent of mining products are exported.
However, Herman Afif Kusumo, head of the Indonesia Mining Community Presidium (MPI), said 20 percent was an acceptable level that local mining concerns could still afford. The new taxes were needed to prevent the rapid overexploitation of Indonesia’s natural resources, he said.
Source: The Jakarta Globe
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Friday, 22 June 12
GLOBAL ACTION NEEDED ON ENERGY POVERTY - WORLD COAL
Eradicating energy poverty is possibly the biggest challenge facing the world today. Like climate change it can only be addressed with a concerted g ...
Friday, 22 June 12
COAL: THE BACKBONE OF MODERN ELECTRICITY - ECOAL
Coal has been described as the "forgotten fuel," perhaps because many aren't aware of the huge role it plays in powering the global econo ...
Thursday, 21 June 12
DRY BULK MARKET ON THE RISE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was on the rise once again yesterday, with the Baltic Dry Index (BDI), the industry’s benchmark, rising by 18 points, or 1 ...
Wednesday, 20 June 12
BDI MOVING HIGHER, PANAMAX AND SUPRAMAX VESSELS STRONGER, CAPESIZE RATES NEAR TO HISTORICAL LOWS OF DECEMBER 2008 - MARIA BERTZELETOU, HELLENIC SHIPPING
The dry market seems to follow the dynamic of the previous week with the Baltic Dry Index showing daily increases since June 8th, but is still stand ...
Tuesday, 19 June 12
SMALLER DRY BULK CARRIERS LIFT UP MARKET, PANAMAXES SET TO FALL SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Another rise for the dry bulk market was evident yesterday, as the industry’s benchmark, the BDI (Baltic Dry Index) was up for a ninth straigh ...
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Showing 4686 to 4690 news of total 6871 |
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- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Economic Council, Georgia
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
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