Britmindo News

Fitch: Indonesia coal output cap to hurt miners reliant on volume ...

(Singapore-20 February 2014) -- Fitch Ratings says that the credit profiles of mining sub-contractors and miners highly reliant on increasing volumes to support high debt servicing will be

Coal royalty to be set at a single tariff of 13.5%

The government plans to introduce a coal royalty tariff of 13.5 percent as part of a planned revision of Government Regulation No 9/2012 on type and tariff of non-tax state revenue, Investor Daily

Vietnam plans to import coal from RI

Vietnam state-owned oil and gas group Petrovietnam plans to import around 10 million tons per annum of thermal coal from 2017 onwards mostly from Indonesia and Australia, reports said Tuesday

Coal reference price for February set at $80.44

The government announced its coal reference price (HBA) for February 2014 at US$80.44 per ton FOB vessel, lower compared to $81.90 per ton in January.

Coal output expected fall to 400m tons this year: APBI

Indonesian coal output is estimated to decline by 5 percent this year after the government asked miners to reduce their production to conserve the energy resource as much as possible

Government grants C&C status for 38 IUPs

The Ministry of Energy and Mineral Resources has granted a "Clean and Clear" (C&C) status for another group of 38 mining business permits (IUPs).

Britmindo moves into new Jakarta office building

The Britmindo Group of Companies is pleased to inform our existing and new clients we have recently relocated our Head Office into larger office space to accommodate our continued expansion.

Regional Coal: India’s coal import up 21%: Research firm

Indias coal import increased by 21 per cent to 152 million tons last year as power producers bought more due to low prices and a domestic shortage, research firm OreTeam said.

Tax office targeting over 6,000 IUP mining firms

The Directorate General of Taxation is looking on pursuing about 6,000 mining companies holding the so-called IUP mining permit for tax arrears estimated to worth trillions of rupiah, Investor Daily r

Opinion: Ban on Export of Non-Refined Minerals Fully Implemented

The Government of Indonesia has implemented a ban on the export of nonrefined mineral products. As a temporary and transitional measure, there is a possibility of obtaining a case-by-case exception fo