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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, 08 June 12
MINISTER DENIES COAL EXPORT TAX PLAN, ENDORSES RESTRICTIONS - THE JAKARTA POST
The Jakarta post, one of the leading english news paper in Indonesia reported that, Energy and Mineral Resources Minister Jero Wacik has denied that ...
Friday, 08 June 12
NO IMMEDIATE IMPACT ON ADARO'S RATING FROM BEP TRANSACTION - FITCH RATINGS
Fitch Ratings has said that PT Adaro Indonesia's (Adaro, 'BB+'/ Stable) ratings are not immediately affected by its parent PT Adaro Energy Tbk's ...
Thursday, 07 June 12
DRY BULK MARKET FALLS FOR 10 STRAIGHT SESSION ON OVERSUPPLY PROBLEMS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A resurgence of oversupply, coupled with national holidays in various parts of the world has contributed to yet another fall of the dry bulk market ...
Thursday, 07 June 12
COAL EXPORT TAX NOT RATIONAL: MINISTER - THE JAKARTA POST
Trade Minister Gita Wirjawan has criticized as irrational the idea to restrict coal exports by imposing an export tax, According to The Jakarta post ...
Thursday, 07 June 12
BY 2022 PLN IS EXPECTED TO BURN AROUND 125 MILLION TONS OF COAL
COALspot.com - Indonesia's state owned electricity company's (PLN) coal consumption is expected to reach 125.7 million tons by 2012.
Nur Pamudj ...
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Showing 4701 to 4705 news of total 6871 |
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- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Australian Coal Association
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- PTC India Limited - India
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- GMR Energy Limited - India
- Marubeni Corporation - India
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Ministry of Mines - Canada
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