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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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Monday, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million ...
Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...
Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...
Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...
Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
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- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
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- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- SMC Global Power, Philippines
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- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
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- Orica Mining Services - Indonesia
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- Orica Australia Pty. Ltd.
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- European Bulk Services B.V. - Netherlands
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- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
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- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
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- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
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- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
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- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
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