We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 17 June 12
S7 & S8 ROUTES ARE LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI gained some increase after continues fall for several weeks.
The BDI increased by 47 points (up by 5.36 pct) closing at 92 ...
Saturday, 16 June 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA COAL CONTRACT SWAPS ARE UNDER PRESSURE
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries seems to be under pressure this week.&nbs ...
Friday, 15 June 12
CAPESIZE - THE LEVELS THAT DID FIX ARE DOWN W-O-W LEVELS - FEARNLEYS
Handy
Another slow-moving market with rates hovering at same level as last week. US Gulf positions fixed USD 25,000 for trips to Cont/Passero and S ...
Thursday, 14 June 12
SMALLER DRY BULK CARRIERS LIKELY TO FACE MORE CHALLENGES; DEMOLITION ACTIVITY SET FOR RECORD YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest update on the dry bulk markets, BIMCO said that China is partly “failing to deliver” on raw material imports that can affe ...
Wednesday, 13 June 12
LOW COAL PRICES COULD CHANGE SUPPLY SIDE DYNAMICS - FITCH RATINGS
Fitch Ratings believes that the weakness seen in thermal coal prices in recent months should reverse once demand from major importers recovers, alth ...
|
|
|
Showing 4691 to 4695 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- The University of Queensland
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Banpu Public Company Limited - Thailand
|
| |
| |
|
