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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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Saturday, 02 May 09
COAL PRICES TO RISE ON CHINESE SUPPLY, INDIAN DEMAND, UBS SAYS
Peter Hickson, an analyst with UBS AG in London, comments on prices for thermal coal, burned to generate power. He commented in a report today.
& ...
Friday, 01 May 09
DEUTSCHE, BECKKETT CLAIMING ADARO WIN - THE JAKARTA GLOBE
Both Deutsche Bank AG and Beckkett, an investment firm controlled by Indonesian tycoon Sukanto Tanoto, claimed victory on Tuesday after Singapore&rs ...
Thursday, 30 April 09
SAN MIGUEL IN TALKS TO BUY STAKE IN ADARO - REUTERS
San Miguel Corp is in talks to buy a stake worth about $500 million in Adaro Energy , Indonesia's largest coal producer by market value, the Philip ...
Wednesday, 29 April 09
BAYAN READY TO OPERATE WORLD'S LARGEST COAL QUALITY IMPROVEMENT FACILITY - MAJALAH TAMBANG
PT. Bayan Resources Tbk. (hereinafter referred to as Bayan), an Indonesian coal manufacturer, announced that they are ready to operate the world's ...
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 th ...
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- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Australian Coal Association
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
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