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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, one of the Indonesia's leading English news paper.
The paper further reported that, "There has been a growing discourse regarding coal exports. Rationally speaking, we have signed a working contract with coal mining companies and by that, they have to pay 45 percent of royalties and taxes," Gita told reporters on Wednesday.
"Then there is a plan to tax coal exports coming out of nowhere. This could be regarded as a violation of the signed working contract," he added.
According JP, Gita said that it would be irrational to impose other kind of taxes on companies that had already paid royalties and taxes.
The idea of imposing an export tax on coal was recently raised by Energy and Mineral Resources Minister Jero Wacik.
On Monday, while opening of Coaltrans Asia conference in Bali, Energy and Minerals Minister Jero Wacik said the country was looking into imposing levies on coal shipments to regulate the outflow of the mineral and save it for domestic use.
Accordign to COALspot.com, Indonesian government’s declared coal prices or know as HBA has fell 5.36 percent in June 2012, to US$ 96.65 from May 2012 price or -18.80% Y-o-Y.
The buyers of Indonesian coal were looking for low price from their counterpart. The during the Coaltrans Asia conference, Indonesian 3800 GAR coal was offered between US$ 38- 39 per MT against the bids of US$ 35-36 per MT. In the meantime 4200 GAR coal was bid at low 40.
Some Indian traders from India claimed that, they were successfully concluded 3800 GAR coal of East Kalimantan origin at below US$ 36/ MT for spot loading. The suppliers of Indonesian coal were struggling to keep their cash flow as well as their coal stock inventory due to low demand as well as low price. (additional reports by COALspot.com)
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Thursday, 05 July 12
BUMI ACHIEVES HIGHER SELLING PRICE IN FIRST QUARTER
COALspot.com - PT Bumi Resources Tbk (BUMI), Indonesia's largest coal producer and exporter, has successfully maintained a higher sales margin, des ...
Tuesday, 03 July 12
DRY BULK MARKET INCHED FORWARD AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward at the beginning of the new week, prior to the US holidays regarding the celebration of the 4th of July, which is ...
Monday, 02 July 12
ORPHEUS STRENGTHENS REVENUE STREAM WITH NEW ROYALTY AGREEMENT AT THE B2 COAL PROJECT
Orpheus Energy (ASX:OEG) is pleased to advise that it has executed a life of mine Royalty Agreement with Indonesian mining contractor PT Debbia Mini ...
Monday, 02 July 12
DRY BULK DEMAND TO RISE TO 3.6 BILLION TONNES IN 2012, BUT NEW BUILDING DELIVERIES ARE
In its latest analysis on the dry bulk market fundamentals, DVB Bank said that dry bulk cargo demand is forecast to rise to approximately 3.6 billio ...
Sunday, 01 July 12
AUSTRALIAS CARBON TAX - SUNIL K KUMBHAT
COALspot.com - Climate Change
Climate change and global warming have now become buzzwords the world over. The disastrous consequences for global ...
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- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- The University of Queensland
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Planning Commission, India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Central Electricity Authority - India
- PTC India Limited - India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- VISA Power Limited - India
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
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