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Thursday, 04 September 14
INDONESIAN COAL MINERS MAY GET MORE TIME ON ROYALTIES - FITCH RATINGS
 COALspot.com: Fitch Ratings says that coal miners in Indonesia are likely to get more time to repay the government the royalties that were set off against value-added taxes (VAT) since 2001 because of complexities associated with the settlement, and the prospect that key policy decisions for such an important sector may have to wait until Indonesia's new president is inaugurated.
The Ministry of Energy and Mineral Resources had set a deadline of end-October 2014 for the repayments. This applies to coal miners operating under first- and second-generation coal contracts of work (CCoW) who started netting off input VAT against royalties when the central government classified mining as a VAT-exempt sector in 2001.
The amount of royalties owed is substantial for large CCoW concession holders - for example, PT Adaro Indonesia reported about USD750m as at June 2014. The complications associated with the implementation of this directive include the requirement to pay interest retrospectively on unpaid royalties to-date and the return of VAT from the government. While the exercise will likely result in a 'zero-sum' outcome for the state as well as coal producers in terms of net cash flows eventually, many coal producers will find a large upfront payment challenging under current poor market conditions, which have weakened their cash generation and liquidity.
Indonesia has a track record of introducing numerous changes to its mining regulations, but has also demonstrated some pragmatism when implementing them, often revising them based on consultations with industry participants. Given the cash flow challenges faced by many coal miners in the country, we expect a rational outcome for the settlement of royalties. We also believe there is a strong possibility of a final outcome being delayed until after the inauguration of the new president on 22 October 2014, given the importance of mining to the economy, employment and state revenues of Indonesia.
Another potential challenge for the coal miners is a new proposal by the state requiring coal exporters to pay royalties prior to shipping their cargoes. At present, miners pay royalties one to three months after shipment, once cash is collected from their customers. Given the cash flow challenges and curtailed access to funding for the sector in general, we feel that this shift too could be challenging to implement.
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Saturday, 30 August 14
RECOVERY IN SIGHT FOR THE DRY BULK SHIPPING MARKET - DREWRY SHIPPING CONSULTANTS
Despite weak freight rates so far this year, Dry Bulk shipping earnings are forecast to recover as demand for both major and minor bulk commodities ...
Friday, 29 August 14
U.S. WEEKLY COAL PRODUCTION DROPS 1.3 PERCENT, EIA SAYS
COALspot.com – United States the world's second largest coal producer, produced approximately 19.40 million short tons (mmst) of coal in ...
Friday, 29 August 14
ADARO'S PROFITS SINK FURTHER AMID FALL IN COAL PRICES - JP
Adaro Energy, one of the country’s largest coal miners, has reported a 31 percent drop in net profit in the first half of this year as global ...
Friday, 29 August 14
CHINESE LIGNITE IMPORTS: QUANTITY OVER QUALITY? - CLARKSONS
In the first half of 2014, Chinese seaborne coal imports declined 0.4% y-o-y to 148mt, largely reflecting a 3.3% fall in imports of steam coal. Mea ...
Thursday, 28 August 14
PANAMAX: OWNERS CAN GET AROUND USD 16000 FOR A FRONTHAUL; PERIOD MARKET - VERY QUIET - FEARNLEYS
Handy
The activity and sentiment is improving in the Atlantic with the general TA rate is up about US$ 800 w-o-w. We see more South American carg ...
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Showing 3516 to 3520 news of total 6871 |
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- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Economic Council, Georgia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- VISA Power Limited - India
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- The University of Queensland
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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