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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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- Edison Trading Spa - Italy
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
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- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
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- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
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- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Planning Commission, India
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- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
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- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
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- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
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- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
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- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
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- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
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