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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, 26 April 12
TAIPOWER TO BUY 1.15 MILLION TONS OF 5000 GAR COAL
COALspot.com - Taiwan Power Company intends to procure 1.125million tons of sub-bituminous coal for Taipower thermal power plant through open tender ...
Thursday, 26 April 12
TAIPOWER TO BUY 375,000 MT OF 4800 GAR COAL
COALspot.com - Taiwan Power Company intends to procure 375,000 metric tons of low sulfur sub-bituminous coal for Taipower thermal power plant ...
Thursday, 26 April 12
ADK SHIPPED 28,000 TONNES OF COAL THIS MONTH
COALspot.com - Orpheus Energy (ASX:OEG) has announced that four coal barges carrying a total of approximately 28,000 tonnes of ADK (Alam Duta K ...
Thursday, 26 April 12
DRY BULK CARRIERS RENTER FLEET AFTER IDLING, ON MARKETS RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be back on track, not only solidifying the gains of the past couple of weeks, but also racing to new heights, recuperra ...
Thursday, 26 April 12
PANAMAXES AGAIN EARN MORE THAN CAPESIZES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest surge of demand for Panamaxes has led the dry bulk market to new higher ground on Monday, with the Baltic Dry Index (BDI) reaching 1,090 ...
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- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- The University of Queensland
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
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