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