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Friday, 08 May 09
INDONESIAN STATE AUDIT BOARD COULD ONLY REACHED A SMALL NUMBER OF KP AND PKP2B - MAJALAHTAMBANG
 THE LACK of personnel and the very limited time period have been the reasons why the 2nd semester of the special purpose audit for coal mining management, conducted by the Audit Board of the Republic of Indonesia (BPK in its Indonesian abbreviation), could only reach hundreds of Mining Authorization (KP in its Indonesian abbreviation) and 20 Coal Contract of Work (PKP2B in its Indonesian abbreviation).
“Nevertheless, there is the chance that we are conducting the next audit for the same theme this semester,” Dwi Sabardiana, the Head of Sub-Auditoriat IV.B.1 BPK, claimed during an interview on 28 April 2009.
He further explained that BPK has scheduled for an audit for coal mining management since 2007.
Subsequently, Herman Widyananda, a staff for BPK in charge of resources management, assigned the auditors under the responsibility of Hadi Prianto as the Tortama IV BPK. Dwi Sabardiana was appointed as field coordinator for a total of 200 auditors working for the investigation on coal mining management.
The field auditing was effective on September 2008, during the fasting month for Moslems. “We have to go to remote mining areas during fasting,” Dwi Sabardiana expressed.
However, due to the lack of data accuracy, especially for those with the status of KP which are mostly located in remote areas, the team could only manage to audit 20 PKP2B and several hundreds of KP.
The audit discovered 86 cases of Intern Control System flaw, 9 cases involving criminal violation, 42 cases of state’s revenue shortfall, 9 cases of unpaid reclamation fund, 56 cases of environmental damages, and another 10 cases, which have a potential to book IDR 2.69 trillion and USD 778.8 million of state’s loss.
“How many KPs are there in Indonesia? Only God knows,” Dwi Sabardiana expressed his frustration on the inaccurate data of coal mines in Indonesia.
He confirmed that the estimation numbers of existing KP is more than 4,000, so there were so many who has not been audited by BPK yet.
Furthermore, the audit took place only in 4 coal producer provinces, i.e. East Kalimantan, Central Kalimantan, South Kalimantan, and South Sumatera.
“If we can reach more KPs, there would certainly be more alleged state’s loss cases to be exposed,” he concluded.
Source: http://www.majalahtambang.com/detail_berita.php?category=15&newsnr=1441
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Tuesday, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...
Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining ...
Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...
Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp. plans to expand its operations this year to ensure the steady supply of coal and fur ...
Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...
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- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
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