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Thursday, 22 January 09
MINISTER: MINING LAW PROHIBITS RAW MATERIAL EXPORT - ESDM
The Coal and Mining Law, approved during the House of Representatives plenary meeting on December 16, 2008 seeks to domestically increase mining commodity value. Mining companies are required to process their products domestically and at the same time prohibited from exporting raw material. This is aimed at increasing state revenue, opening new job opportunities, and increase public welfare.
“The Mining Law prohibits the export of raw material. This is a major change in our natural resources management, which is approved by the House of Representatives plenary meeting on December 16, 2008” explains the Minister of Energy and Mineral Resources, Purnomo Yusgiantoro during the explanation on “Mining Law: A New Era in Mining” in Jakarta on Wednesday (21/1).
The Minister further explains that for more than 30 years, we have been exporting raw mining products overseas, while at the same time importing processed products such as nickel, silver, and other products at a much higher price. This Mining Law aims to change this condition for the benefit of the nation.
The minister further explains that this task will not be an easy one, “this will only be accomplished through commitment and hard work”. The minister reminds that according to the 1945 Constitution, all natural reserves including mineral and coal as an un-renewable resource must be managed wisely to benefit the whole nation.
According to the minister, this Mining Law will provide a larger opportunity for Indonesia and its people to improve their natural resource management. “There have been a lot of debates, discussions, and agreements that we have been through before this law was issued. Of course not all ideas and opinions are accommodated in this law, but I am certain that several important and strategic aspects needed to carry out article 33 verse 3 of that 1945 Constitution is governed by this law. One of these aspects includes keeping a good investment climate”.
Source: ESDM
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Wednesday, 08 April 09
EXPORTS AT AUSTRALIA NEWCASTLE COAL PORT FALL ON STORM -MINING-JOURNAL
Coal exports from Australia's Newcastle port, the world's largest coal export terminal, fell roughly 18% last week to a 4½-month low, as ro ...
Monday, 06 April 09
RICHARDS BAY COAL TERMINAL EXPORTS ROSE 5 PERCENT IN MARCH - BLOOMBERG
South Africa’s Richards Bay Coal Terminal, the world’s largest coal-export facility, shipped 5 percent more coal in March than the same ...
Monday, 06 April 09
INDIA'S OSWAL CHEM EYES INDONESIAN COAL MINES -ECONOMICTIMES
Oswal Chemicals and Fertilisers (OCFL), part of Abhay Oswal-led Oswal group, has initiated talks with three separate Indonesian coal firms to ...
Thursday, 02 April 09
FOREIGNERS ALSO CHEER FOR INDONESIA'S THE NEW MINING LAW - MAJALA TAMBANG
Three mining giants, Australia's Rio Tinto along with Canada's Barrick Gold and Southern Arc, are among foreign corporations currently applying fo ...
Wednesday, 01 April 09
INDONESIAN GOVERNMENT REVISES MINING REVENUE TARGET DOWN 26% - THE JAKARTA POST
Government income from mining this year, excluding taxes, is expected to drop by about 26 percent to Rp 11 trillion ($957 million), primarily becaus ...
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- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- MS Steel International - UAE
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Australian Coal Association
- White Energy Company Limited
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
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