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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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Friday, 22 May 09
CHURCHILL DOUBLES INDONESIAN COAL PROJECT RESOURCE ESTIMATE - STEEL GURU
Mining Weekly quoted Churchill Mining as saying that the resource at its East Kutai coal project in Indonesia has more than doubled to 3.18 billion ...
Friday, 22 May 09
INDONESIA`S BUKIT ASAM TO HAVE POWER PLANT IN 2011 - ANTARA
The construction of a power plant in South Sumatra by coal mining company PT Tambang Batubara Bukit Asam will be completed in April 2011.
T ...
Friday, 22 May 09
NOBLE WINS CONTROL OF AUSTRALIA'S GLOUCESTER COAL - BLOOMBERG
Noble Group Ltd., a Hong Kong- based commodity supplier, won control of Australia’s Gloucester Coal Ltd. after last week raising its cash bid ...
Thursday, 21 May 09
FBR STARTS COVERAGE OF SHIPPING SECTOR - REUTERS
Friedman Billings Ramsey began coverage of the shipping industry, saying the sector, which is amidst a deep cyclical downturn, is poised for a recov ...
Thursday, 21 May 09
INDONESIAN COAL PRODUCTION IN Q1 BELOW TARGET - STEEL GURU
Mr Bambang Gatot Ariyono director for coal and mineral development at the Energy and Mineral Resources Ministry said that the coal production in the ...
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- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Planning Commission, India
- The University of Queensland
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- PTC India Limited - India
- Standard Chartered Bank - UAE
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