COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 22 May 12
DRY BULK MARKET STEADY, AWAITING FURTHER RISE IN DEMAND WHICH IS DOUBTFUL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Traditionally, the second and third quarters of the year are the strongest for the dry bulk market, but this year, things seem to be quite subdued, ...


Sunday, 20 May 12
SPOT FREIGHT RATE DIPS FURTHER - VISTAAR
COALspot.com - The BDI was marginally up by 3 points (0.26 pct) closing at 1,141 points. The cape index was up by 1.17 pct closing at 1,633 point ...


Saturday, 19 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP US$ 2.88 PMT W-O-W
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries have drops this week by 3.86 percent and& ...


Saturday, 19 May 12
INDONESIAN EXPORT TAX GIVES COAL MINERS A CHEAP RIDE: ANALYSTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s policy to exclude coal from an export tax that has been applied to 14 other mineral commodities h ...


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 ...


   943 944 945 946 947   
Showing 4721 to 4725 news of total 6871
News by Category
Popular News
 
Total Members : 28,704
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Vedanta Resources Plc - India
  • Toyota Tsusho Corporation, Japan
  • SN Aboitiz Power Inc, Philippines
  • Port Waratah Coal Services - Australia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Therma Luzon, Inc, Philippines
  • Thiess Contractors Indonesia
  • Ind-Barath Power Infra Limited - India
  • GMR Energy Limited - India
  • Bharathi Cement Corporation - India
  • Leighton Contractors Pty Ltd - Australia
  • Posco Energy - South Korea
  • PLN Batubara - Indonesia
  • Cargill India Pvt Ltd
  • Rashtriya Ispat Nigam Limited - India
  • Permata Bank - Indonesia
  • SRK Consulting
  • MS Steel International - UAE
  • Infraline Energy - India
  • Reliance Power - India
  • Sical Logistics Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • Uttam Galva Steels Limited - India
  • globalCOAL - UK
  • CESC Limited - India
  • Madhucon Powers Ltd - India
  • Australian Coal Association
  • Lafarge - France
  • Tanito Harum - Indonesia
  • ASAPP Information Group - India
  • San Jose City I Power Corp, Philippines
  • Kobe Steel Ltd - Japan
  • Xstrata Coal
  • Inspectorate - India
  • Jindal Steel & Power Ltd - India
  • Binh Thuan Hamico - Vietnam
  • Electricity Authority, New Zealand
  • Formosa Plastics Group - Taiwan
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • PNOC Exploration Corporation - Philippines
  • Salva Resources Pvt Ltd - India
  • Runge Indonesia
  • Power Finance Corporation Ltd., India
  • Ernst & Young Pvt. Ltd.
  • Thriveni
  • OPG Power Generation Pvt Ltd - India
  • Indogreen Group - Indonesia
  • Star Paper Mills Limited - India
  • TNPL - India
  • Arutmin Indonesia
  • IOL Indonesia
  • Ministry of Mines - Canada
  • Mitsui
  • Chettinad Cement Corporation Ltd - India
  • Chamber of Mines of South Africa
  • GVK Power & Infra Limited - India
  • Kideco Jaya Agung - Indonesia
  • Economic Council, Georgia
  • VISA Power Limited - India
  • Global Coal Blending Company Limited - Australia
  • Gupta Coal India Ltd
  • Rudhra Energy - India
  • Meenaskhi Energy Private Limited - India
  • GAC Shipping (India) Pvt Ltd
  • Indorama - Singapore
  • UOB Asia (HK) Ltd
  • Enel Italy
  • Romanian Commodities Exchange
  • Latin American Coal - Colombia
  • Interocean Group of Companies - India
  • Singapore Mercantile Exchange
  • CIMB Investment Bank - Malaysia
  • EMO - The Netherlands
  • IHS Mccloskey Coal Group - USA
  • Makarim & Taira - Indonesia
  • Energy Link Ltd, New Zealand
  • Simpson Spence & Young - Indonesia
  • PowerSource Philippines DevCo
  • Samsung - South Korea
  • White Energy Company Limited
  • SGS (Thailand) Limited
  • Mitra SK Pvt Ltd - India
  • Commonwealth Bank - Australia
  • Medco Energi Mining Internasional
  • Georgia Ports Authority, United States
  • Cardiff University - UK
  • Savvy Resources Ltd - HongKong
  • Maersk Broker
  • Ministry of Transport, Egypt
  • IMC Shipping - Singapore
  • Glencore India Pvt. Ltd
  • Peabody Energy - USA
  • IBC Asia (S) Pte Ltd
  • Grasim Industreis Ltd - India
  • Larsen & Toubro Limited - India
  • Heidelberg Cement - Germany
  • Merrill Lynch Bank
  • CCIC - Indonesia
  • Anglo American - United Kingdom
  • SUEK AG - Indonesia
  • TRAFIGURA, South Korea
  • The University of Queensland
  • KPCL - India
  • Orica Mining Services - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Vizag Seaport Private Limited - India
  • Aditya Birla Group - India
  • NALCO India
  • Aboitiz Power Corporation - Philippines
  • Oldendorff Carriers - Singapore
  • Bukit Baiduri Energy - Indonesia
  • KOWEPO - South Korea
  • Cemex - Philippines
  • Shenhua Group - China
  • Pinang Coal Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Thai Mozambique Logistica
  • Idemitsu - Japan
  • Australian Commodity Traders Exchange
  • Karbindo Abesyapradhi - Indoneisa
  • KEPCO - South Korea
  • Mitsubishi Corporation
  • GB Group - China
  • Gujarat Electricity Regulatory Commission - India
  • U S Energy Resources
  • GHCL Limited - India
  • Directorate Of Revenue Intelligence - India
  • Ceylon Electricity Board - Sri Lanka
  • Petrosea - Indonesia
  • Total Coal South Africa
  • APGENCO India
  • Tata Chemicals Ltd - India
  • Indian School of Mines
  • Kartika Selabumi Mining - Indonesia
  • Asian Development Bank
  • Kumho Petrochemical, South Korea
  • Deloitte Consulting - India
  • Central Java Power - Indonesia
  • SMC Global Power, Philippines
  • Clarksons - UK
  • CNBM International Corporation - China
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Bank of China, Malaysia
  • Edison Trading Spa - Italy
  • Essar Steel Hazira Ltd - India
  • Credit Suisse - India
  • Argus Media - Singapore
  • DBS Bank - Singapore
  • Kohat Cement Company Ltd. - Pakistan
  • Indika Energy - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Sarangani Energy Corporation, Philippines
  • PTC India Limited - India
  • Asmin Koalindo Tuhup - Indonesia
  • Semirara Mining Corp, Philippines
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Siam City Cement PLC, Thailand
  • TANGEDCO India
  • Kaltim Prima Coal - Indonesia
  • Parliament of New Zealand
  • bp singapore
  • Karaikal Port Pvt Ltd - India
  • International Coal Ventures Pvt Ltd - India
  • Core Mineral Indonesia
  • Global Business Power Corporation, Philippines
  • Panama Canal Authority
  • Mercator Lines Limited - India
  • Thermax Limited - India
  • London Commodity Brokers - England
  • KPMG - USA
  • Shree Cement - India
  • Kepco SPC Power Corporation, Philippines
  • Ince & co LLP
  • Banpu Public Company Limited - Thailand
  • Indo Tambangraya Megah - Indonesia
  • Metalloyd Limited - United Kingdom
  • Britmindo - Indonesia
  • TGV SRAAC LIMITED, India
  • AsiaOL BioFuels Corp., Philippines
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • India Bulls Power Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Platts
  • Freeport Indonesia
  • Wood Mackenzie - Singapore
  • Petrochimia International Co. Ltd.- Taiwan
  • Vale Mozambique
  • ACC Limited - India
  • Indian Oil Corporation Limited
  • Fearnleys - India
  • PLN - Indonesia
  • Coalindo Energy - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Petron Corporation, Philippines
  • Cigading International Bulk Terminal - Indonesia
  • Jaiprakash Power Ventures ltd
  • Sree Jayajothi Cements Limited - India
  • Altura Mining Limited, Indonesia
  • NTPC Limited - India
  • Dalmia Cement Bharat India
  • Gujarat Sidhee Cement - India
  • Africa Commodities Group - South Africa
  • LBH Netherlands Bv - Netherlands
  • Pendopo Energi Batubara - Indonesia
  • New Zealand Coal & Carbon
  • Sindya Power Generating Company Private Ltd
  • Russian Coal LLC
  • Timah Investasi Mineral - Indoneisa
  • GNFC Limited - India
  • Thomson Reuters GRC
  • The India Cements Ltd
  • Japan Coal Energy Center
  • Eastern Coal Council - USA
  • IEA Clean Coal Centre - UK
  • Sakthi Sugars Limited - India
  • Ministry of Finance - Indonesia
  • Vitol - Bahrain
  • Tata Power - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • J M Baxi & Co - India
  • EIA - United States
  • Marubeni Corporation - India
  • Jatenergy - Australia
  • JPower - Japan
  • Thailand Anthracite
  • Standard Chartered Bank - UAE
  • South Luzon Thermal Energy Corporation
  • Xindia Steels Limited - India
  • Bhushan Steel Limited - India
  • Mercuria Energy - Indonesia
  • Adaro Indonesia
  • Manunggal Multi Energi - Indonesia
  • Eastern Energy - Thailand
  • Maharashtra Electricity Regulatory Commission - India
  • Wilmar Investment Holdings
  • Sojitz Corporation - Japan
  • Carbofer General Trading SA - India
  • Independent Power Producers Association of India
  • Semirara Mining and Power Corporation, Philippines
  • European Bulk Services B.V. - Netherlands
  • Noble Europe Ltd - UK
  • Mechel - Russia
  • Miang Besar Coal Terminal - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Malabar Cements Ltd - India
  • Cement Manufacturers Association - India
  • Price Waterhouse Coopers - Russia
  • Siam City Cement - Thailand
  • Intertek Mineral Services - Indonesia
  • Bhoruka Overseas - Indonesia
  • Samtan Co., Ltd - South Korea
  • Merrill Lynch Commodities Europe
  • Bulk Trading Sa - Switzerland
  • Inco-Indonesia
  • Indonesia Power. PT
  • Berau Coal - Indonesia
  • Attock Cement Pakistan Limited
  • Orica Australia Pty. Ltd.
  • TeaM Sual Corporation - Philippines
  • Malco - India
  • McConnell Dowell - Australia
  • Surastha Cement
  • UBS Singapore
  • Coastal Gujarat Power Limited - India
  • Barclays Capital - USA
  • GN Power Mariveles Coal Plant, Philippines
  • Sinarmas Energy and Mining - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Bangkok Bank PCL
  • RBS Sempra - UK
  • Sucofindo - Indonesia
  • Deutsche Bank - India
  • ANZ Bank - Australia
  • Cosco
  • Asia Cement - Taiwan
  • TNB Fuel Sdn Bhd - Malaysia
  • Riau Bara Harum - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Qatrana Cement - Jordan
  • Vijayanagar Sugar Pvt Ltd - India
  • Coal Orbis AG
  • Cebu Energy, Philippines
  • Maheswari Brothers Coal Limited - India
  • Coal India Limited
  • OCBC - Singapore
  • PetroVietnam
  • Coaltrans Conferences
  • Goldman Sachs - Singapore
  • Coal and Oil Company - UAE
  • Meralco Power Generation, Philippines
  • Humpuss - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • ICICI Bank Limited - India
  • Minerals Council of Australia
  • Central Electricity Authority - India
  • Tamil Nadu electricity Board
  • Trasteel International SA, Italy
  • Straits Asia Resources Limited - Singapore
  • Gresik Semen - Indonesia
  • Videocon Industries ltd - India
  • The State Trading Corporation of India Ltd
  • Indian Energy Exchange, India
  • Bangladesh Power Developement Board
  • Globalindo Alam Lestari - Indonesia
  • SMG Consultants - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Barasentosa Lestari - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • CoalTek, United States
  • SASOL - South Africa
  • Energy Development Corp, Philippines
  • MEC Coal - Indonesia
  • Coeclerici Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • BRS Brokers - Singapore
  • JPMorgan - India
  • Rio Tinto Coal - Australia
  • Lanco Infratech Ltd - India
  • Mjunction Services Limited - India
  • The Treasury - Australian Government
  • Ambuja Cements Ltd - India
  • Geoservices-GeoAssay Lab
  • Neyveli Lignite Corporation Ltd, - India
  • WorleyParsons
  • Agrawal Coal Company - India
  • ETA - Dubai
  • Kobexindo Tractors - Indoneisa
  • Maruti Cements - India
  • Bukit Makmur.PT - Indonesia
  • World Coal - UK
  • HSBC - Hong Kong
  • Parry Sugars Refinery, India
  • Antam Resourcindo - Indonesia
  • Adani Power Ltd - India
  • Mintek Dendrill Indonesia
  • Planning Commission, India
  • Baramulti Group, Indonesia
  • World Bank
  • Kapuas Tunggal Persada - Indonesia
  • Borneo Indobara - Indonesia
  • Bhatia International Limited - India
  • Bank of America
  • McKinsey & Co - India
  • BNP Paribas - Singapore
  • Electricity Generating Authority of Thailand
  • ING Bank NV - Singapore
  • Indonesian Coal Mining Association
  • Renaissance Capital - South Africa
  • Moodys - Singapore
  • Maybank - Singapore
  • Arch Coal - USA
  • Platou - Singapore