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Friday, 28 January 11
TRADING PERMIT DELAYS THREATEN EXPORTS - THE JAKARTA GLOBE
 The Jakarta Globe reported that, an ongoing wrangle over licenses for mining traders could hurt investment, a coal mining association chief said on Thursday.
“It will create a negative impression for coal mining investors in the future,” Supriatna Suhala, executive director of the Indonesian Coal Mining Association (APBI), said on Thursday.
A new mining law requires traders to convert their old permits to the mining business license issued by the Energy and Mineral Resources Ministry before they are allowed to ship products overseas, Bloomberg reported on Wednesday.
The law was passed in 2009 with the aim of controlling minerals and coal mining.
Djunaedi, head of mining exports at the Trade Ministry, said the delay in issuing trading permits had disrupted commodity exports.
He said the Energy Ministry halted the process for giving out the licenses while waiting for Energy Minister Darwin Zahedi Saleh to sign off on the licenses.
Witoro Soelarno, secretary to the director general of coal and minerals, said the new law required traders to have permits to ship products. “Smuggling might happen if we don’t control our administration database,” he told the Jakarta Globe.
The government issues different licenses to miners, sellers and traders. Companies that ship coal or other mining products are considered traders.
Supriatna said traders had filed a protest with the Energy Ministry but refused to say how many. The APBI also sent a protest letter to Darwin.
“I think the problem is with the minister, because the licenses must be signed by the minister. He must delegate it to the Directorate General of Mining and Coal,” Supriatna said.
The pending licenses could force delays and cost traders Rp 15 million ($1,670) per day in penalties.
To avoid that and continue exporting, he said, some traders who lack the proper license are using a miner’s license to export coal, which is illegal under the new law.
Source: The Jakarta Globe
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Friday, 04 February 11
PERTAMINA DENIES KAREN AGUSTIAWAN RESIGNS FROM PERTAMINA
COALspot.com - The President Director of PT Pertamina, Karen Agustiawan reportedly will replace Darwin Saleh as Minister of Energy and Mineral Resou ...
Friday, 04 February 11
ADARO ENERGY FY10 COAL SALES UP 6 PERCENT TO 43.84 MILLION
As reported by insider stories, Indonesian coal miners PT Adaro Energy Tbk has produced 42.20 million tons of coal in 2010, a 4 percent increase com ...
Thursday, 03 February 11
MERCATOR LINES TO INVEST RS 200-250 CRORE ON COAL MINE IN INDONESIA - ECONOMIC TIMES
Economic Times reported that, Mercator Lines, the HK Mittal-controlled shipping-to-mines major, will invest about 200-250 crore (US$ 43.825 - 54.781 ...
Thursday, 03 February 11
DRY BULK MARKET LOOKS SET TO BOTTOM OUT NIKOS - ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market having lost more than 72% of its value in the last month or so and having retreated to a 2-year low, it seems that the bott ...
Wednesday, 02 February 11
INDONESIA MAY MISS COAL EXPORT TARGET IN 2011
COALspot.com - Indonesian Trade ministry has instructed independent surveyors temporarily not to issue pre-shipment survey report (LS) to the compan ...
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- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
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- Chamber of Mines of South Africa
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- Parliament of New Zealand
- White Energy Company Limited
- Gujarat Sidhee Cement - India
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- South Luzon Thermal Energy Corporation
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- MS Steel International - UAE
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- Planning Commission, India
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- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- The Treasury - Australian Government
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- Indogreen Group - Indonesia
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- Ministry of Finance - Indonesia
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- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
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- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- VISA Power Limited - India
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- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
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- Neyveli Lignite Corporation Ltd, - India
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- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
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- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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- New Zealand Coal & Carbon
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- Sindya Power Generating Company Private Ltd
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- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
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- Karbindo Abesyapradhi - Indoneisa
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- Eastern Coal Council - USA
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- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
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- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
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- Tamil Nadu electricity Board
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- GAC Shipping (India) Pvt Ltd
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- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
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- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
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- PTC India Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
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- Minerals Council of Australia
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- Bhoruka Overseas - Indonesia
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