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Saturday, 24 September 11
GOVT PLANS TO RENEGOTIATE ALL CONTRACTS INCLUDING FREEPORT - JP
 The Jakarta Post reported that, the Energy and Mineral Resources Ministry has confirmed plans to renegotiate all mining contracts including those with mining giants like Freeport and Newmont, as mandated by the 2009 law on minerals and coal.
According to the ministry’s director for minerals and coal, Thamrin Sihite, around 65 percent of mining companies operating in Indonesia had agreed to the government’s request to renegotiate their contracts.
“The renegotiation is the mandate of the law. The law is made by the people and the voice of the people is God’s voice. We are proceeding with the renegotiation plan,” he explained in a telephone interview.
PT Newmont Nusa Tenggara (NNT) president director Martiono Hadianto revealed earlier that his company had no problem with the government’s plan, saying that it had been in talks with the government to discuss the matter. NNT is the operator of Batu Hijau gold and copper mine in West Nusa Tenggara.
Regarding PT Freeport Indonesia, the operator of Grasberg mine in Timika, Papua, the ministry claimed it had requested the company to submit all necessary documents for the renegotiation. However, Thamrin declined to say whether the company had agreed to the plan or not.
According to the ministry, there are 42 mining companies holding mining contracts with the government and 76 companies holding coal contracts of works (locally known
as PKP2B).
During the interview, Thamrin also emphasized the government’s position on questions regarding its plan to ban raw-material exports starting in 2014. He said there was no reason for the government to cancel the plan.
“All clauses in the 2009 law on minerals and coal were final and all raw materials have to be processed in the country,” he said firmly.
“This regulation is good for Indonesia. If we can process the raw materials in the country, why should we send them to Japan? Our Industry minister has also discussed incentives and disincentives to support the implementation of the regulations”.
Earlier, Indonesian Industry minister MS Hidayat said that the Japanese Economy, Trade and Industry minister, Yukio Edano, asked whether the implementation of the ban on raw material exports would be implemented fully starting 2014.
“He [the Japanese minister] asked me whether Indonesia could still export raw materials if there was surplus stock after all smelters in Indonesia had operated to full capacity. I didn’t answer, I said I would discuss it with the related ministry first,” he said.
Hidayat continued that he had requested the Japanese minister to boost investments in Indonesia particularly in the downstream sector. The Indonesian government would guarantee raw-material supply for Japanese smelters built in Indonesia, he added.
The Energy and Mineral Resources Ministry said earlier that this year the ministry hoped to attract US$3.5 billion in new investments into the mineral and coal mining sectors, a 10 percent increase from the $3.18 billion reached last year.
The chairman of the Indonesian Mining Experts Association (Perhapi), Irwandi Arif, agreed with Thamrin that the government had to be consistent with the regulations it had issued because developing downstream industries in the mining sector was very important for the country’s future.
“We have to be consistent with our purpose of developing added value. This is the new paradigm in the 2009 law on minerals and coal. This is very important to increase the contribution of mining products to the state and people,” he argued.
Source: The Jakarta Post (By-Rangga D. Fadillah)
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Wednesday, 07 October 20
U.S. COAL PRODUCTION TO DECREASE BY 26 PERCENT IN 2020 COMPARED TO 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 525 million short tons (MMst), compared with 705 MMst in 2019, a 26% decrease.
COVID-19 a ...
Wednesday, 07 October 20
MARKET INSIGHT - INTERMODAL
The challenges brought forward in 2020 proved to be very different from what we could have ever imagined. Together with placing a significant strai ...
Tuesday, 06 October 20
KOSPO TO IMPORT 80,000 MT OF 3,800 NCV COAL FOR 2H NOV
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 MT Min.3800 kcal/kg NCV coal 2H November, 2020 l ...
Friday, 02 October 20
THE INDONESIA COAL PRICE REFERENCE RISE AFTER HISTORIC CRASH TO US$ 49.42
COALspot.com: The Indonesia Coal Price Reference for the month of October Rise to US$ 51.00 after historic crash to US$ 49.42 in September 2020.
...
Friday, 02 October 20
SRI LANKA MUST LEARN LESSONS FROM AROUND ASIA TO AVOID FURTHER ELECTRICITY CRISES - IEEFA
Overcommitment to fossil-fuelled power generation is leading to excess capacity and rising capacity payments, subsidies, and tariffs around the con ...
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- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Australian Coal Association
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
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