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Wednesday, 29 April 09
NEW GOV'T REGULATION SHOULD INCORPORATE CONFLICT SETTLEMENT BODY - ICMA (MAJALAH TAMBANG)
A draft government regulation on mineral and coal is currently in a process of completion. The Indonesian Coal Mining Association (ICMA) proposed that a new body for conflict settlement be incorporated in the draft regulation. The new body would then be dependable for conflicts related to mining zones. ICMA further suggested that the regulation also endorses Initial Public Offerings (IPO) as a divestment model of foreign owned shares in Indonesia.
Supriatna Suhala, ICMA's Executive Director, revealed that the association had received four draft regulations on mineral and coal from the government, who is looking for inputs prior to the regulations' enactment. The four drafts would engage in several keypoints and activities in the new mining law: on mining zones, mining business, direction and supervision of mining, and on reclamation and post-mining.
In his assessment, the four draft regulations are still inadequate. On the issue of mining zones, for instance, there is no single mentioning of a conflict settlement body. To determine zonal areas for mining, the potential of a conflict is huge, therefore a special refereeing body is seen as a way to avoid frictions on the issue, said the spiritful Mr. Suhala. "In such a conflict, the body could ultimately decide on which sector to be given the opportunity to make use of the mining zone(s) first. In short, the body would be able to put the national interests above others," he added. In the past, the issue of overlapping of mining areas had among others pitted the mining sector against the forestry, the agricultural, and the environmental sectors.
Mr. Suhala also noted that a divestment obligation which should begin five years after the initial operation of a company here would only add to the corporation's woes. By then, companies would still be in debts to their financiers as their business are also still years away from their break even points.
On the discussion of mining business, Mr. Suhala stated that IPO is already a very transparent practice as a divestment model. "It should be conducted in the most transparent manner possible, otherwise it would not benefit (the sector)," he said.
Mr. Suhala then confirmed that ICMA would present all its views and suggestions during the next discussion on the draft regulations with the government and other stakeholders in the mining sector. The association has absolutely high hopes that when enacted, the bylaws would provide a certain support to create a more conducive investment climate in the mining sector.
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Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd.
In the ...
Friday, 29 May 09
INDONESIA PLANS "CLEARING HOUSE" FOR COAL - ALIBABA
Alibaba reported that, Indonesia, the world's biggest thermal coal exporter, plans to set up an agency similar to a clearing house to trade stocks ...
Friday, 29 May 09
INDIKA EYES MORE ACQUISITIONS - THE JAKARTA POST
Having nearly completed the acquisition of engineering and mining company PT Petrosea, energy company PT Indika Energy is preparing for more acquisi ...
Friday, 29 May 09
PTBA PAYS DIVIDENDS OF RP 371.5 A SHARE - THE JAKARTA POST
The annual shareholders' meeting of state-controlled coal producer PT Tambang Batubara Bukit Asam (PTBA) approved on Thursday the allocation of 50 ...
Thursday, 28 May 09
INDIANS CHOOSE SOUTH AFRICA COAL OVER INDONESIAN - MINEWEB (REUTERS)
South African cargoes are about $4 a tonne cheaper than Indonesian coal, as a result India now prefers South Africa .
Indian imports of South Afr ...
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- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
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- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
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- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Aditya Birla Group - India
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Economic Council, Georgia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Australian Coal Association
- Planning Commission, India
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
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