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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 his office had ever proposed a controversial export tax for coal, saying that he preferred to impose a new market control mechanism to secure domestic supply.
“I never said that we planned to apply a tax or a full ban on coal exports,” he told reporters after accompanying President Susilo Bambang Yudhoyono to meet Royal-Dutch Shell chief executive officer Peter Voser at the Presidential Palace in Jakarta on Thursday.
He explained that the country would need more coal to generate electricity as more coal-fired power plants under the 10,000 megawatts project would come on stream this year, further reducing PT Perusahaan Listrik Negara (PLN)’s dependency on diesel fuel.
“That’s why what I want to do is determine what volume of coal can be exported and what must be reserved for the domestic market,” Jero said.
He added that the government would soon come up with the calculations of the amount of coal needed by the domestic market in order to determine a domestic quota that had to be met by all coal producers.
If there was a production surplus, he said, the government would not prevent or tax exports.
The government has, since 2010, imposed the so called Domestic Market Obligation (DMO) scheme on 63 coal mining companies in the country. In 2012, the mining companies are obliged to sell 24.72 percent of their output to domestic users under the DMO ruling.
The ministry estimates that this will amount to 82.07 million tons next year, of which around 69.7 percent will go to PLN’s power plants. This figure, however, will not be sufficient as more power plants begin to come on stream.
PLN is the largest coal consumer in Indonesia. In 2012, the company forecasts that it will absorb 54 million tons. With the completion of several new coal-fired power plants, this consumption is expected to soar to 87.5 million tons next year and 95.3 million tons in 2014.
Jero once again insisted that he never agreed to any proposal to apply an export tax on coal and he would have to talk to all coal companies to convince them that such a plan never existed.
He said that the only export tax existing today was a 20 percent tax on raw mineral commodities.
The tax on minerals was first applied to 14 specific commodities, but then the tax was expanded to a further 65 commodities.
The government claims the tax is not aimed at boosting revenues from the mineral mining sector, but to minimize the possibility of over-exploitation in anticipation of the full ban on metal ore exports planned for 2014.
As reported earlier, Trade Minister Gita Wirjawan criticized the idea of an export tax on coal, saying that such a policy could violate the contracts of work (CoW) signed between coal mining companies and the government.
Under the CoW, the amount of taxes and other financial obligations of the companies have been clearly regulated and applying additional taxes could be a breach to the contracts.
Indonesia, the world’s largest thermal coal exporter, produced 275 million tons of coal last year.
This year, the government has set the production target at 332 million tons, while the Indonesian Coal Mining Association (APBI) calculates that the amount might reach 380 million tons.
Source: The Jakarta Post
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Saturday, 07 July 12
EXCESS SUPPLY & WEAK DEMAND KEEP COAL PRICES LOW
COALspot.com - SGX AsiaClear OTC Coal Swaps for August and Q4 deliveries slipped slightly this week. SGX’s Indonesian sub-bituminous coal swap ...
Saturday, 07 July 12
BALTIC INDEX UP ON STRONG CAPE, PANAMAX RATES - VISTAAR
COALspot.com - This week all the segments were firmed up with BDI up by 15.23 pct (up by 153 points) closing at 1,157 points.
The cape index also ...
Saturday, 07 July 12
DRY BULK MARKET NOT ABLE TO FIND SOLID GROUND SAY EXPERTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the second half of each, traditionally looking the most active one, especially in terms of newbuildings being delivered, it's highly unlikely ...
Thursday, 05 July 12
GOVT GETS READY FOR $1.8B SUIT - THE JAKARTA POST
The Jakarta Post, one of the leading Indonesian English new papers reported that, several ministries and the Attorney General’s Office held a ...
Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 p ...
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- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- PTC India Limited - India
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Australian Coal Association
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- The University of Queensland
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
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