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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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Monday, 28 May 12
COAL EXPORTS ARE JUMPING HIGHER, BUT PRICES ARE FALLING LOWER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31.86* million tons of coal in April 2012, compared to 30.64* million tons i ...
Sunday, 27 May 12
THE FREIGHT MARKET FROM INDONESIA TO INDIA WAS WEAK - VISTAAR
COALspot.com - The BDI continued to fall for the fourth straight week and the BDI fell by 9.38 pct this week closing at 1,034 points.
The Cape Si ...
Sunday, 27 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS HEADING TO SOUTH DIRECTION
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries have dropped this week by 5.43 percent an ...
Saturday, 26 May 12
DRY BULK SHIP OWNERS LOOKING TO CUT BACK ON TONNAGE SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of dry bulk carriers has been the most prominent problem in the market today, pushing down rates and ‘strangling’ profita ...
Thursday, 24 May 12
DRY BULK MARKET RETREATS ON LACK OF CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated yesterday on the back of lower Chinese demand for commodities such as coal and iron ore, typically hauled by dry bulk ...
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Showing 4716 to 4720 news of total 6871 |
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- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Economic Council, Georgia
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- The University of Queensland
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
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