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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, 04 March 09
COAL: GLOBAL DEMAND WEAKENS
The Jakarta Post reported that, While coal prices were stickier on the way down compared to other commodities like oil, the Newcastle price now sugg ...
Friday, 27 February 09
WIKA TO ACQUIRE MINING COMPANY
The Jakarta Post reported that, Public listed state construction firm PT Wijaya Karya (Wika) is to acquire a mining contracting firm in the first se ...
Friday, 27 February 09
COASTAL ENERGEN INKS PACT WITH CHINESE FIRM FOR POWER EQUIPMENT
My Digital Fc reported that, Dubai-based Coal and Oil Group, which is setting up a 1,200MW thermal power plant in Tamil Nadu, has tied-up with China ...
Thursday, 26 February 09
GMR INFRA COMPLETES INDONESIAN BUY
Blonnet reported that, GMR Infrastructure Ltd today confirmed the acquisition of an Indonesian coal mining company for a consideration of $80 millio ...
Wednesday, 25 February 09
INDONESIAN GOVERNMENT TO REGULATE MINIMUM COAL SELLING PRICES
The Jakarta Post reported that, To complement the recent enactment of the new mining law, the government is preparing to introduce a coal pricing in ...
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- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
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