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Saturday, 24 September 11
GOVT PLANS TO RENEGOTIATE ALL CONTRACTS INCLUDING FREEPORT - JP
 The Jakarta Post reported that, the Energy and Mineral Resources Ministry has confirmed plans to renegotiate all mining contracts including those with mining giants like Freeport and Newmont, as mandated by the 2009 law on minerals and coal.
According to the ministry’s director for minerals and coal, Thamrin Sihite, around 65 percent of mining companies operating in Indonesia had agreed to the government’s request to renegotiate their contracts.
“The renegotiation is the mandate of the law. The law is made by the people and the voice of the people is God’s voice. We are proceeding with the renegotiation plan,” he explained in a telephone interview.
PT Newmont Nusa Tenggara (NNT) president director Martiono Hadianto revealed earlier that his company had no problem with the government’s plan, saying that it had been in talks with the government to discuss the matter. NNT is the operator of Batu Hijau gold and copper mine in West Nusa Tenggara.
Regarding PT Freeport Indonesia, the operator of Grasberg mine in Timika, Papua, the ministry claimed it had requested the company to submit all necessary documents for the renegotiation. However, Thamrin declined to say whether the company had agreed to the plan or not.
According to the ministry, there are 42 mining companies holding mining contracts with the government and 76 companies holding coal contracts of works (locally known
as PKP2B).
During the interview, Thamrin also emphasized the government’s position on questions regarding its plan to ban raw-material exports starting in 2014. He said there was no reason for the government to cancel the plan.
“All clauses in the 2009 law on minerals and coal were final and all raw materials have to be processed in the country,” he said firmly.
“This regulation is good for Indonesia. If we can process the raw materials in the country, why should we send them to Japan? Our Industry minister has also discussed incentives and disincentives to support the implementation of the regulations”.
Earlier, Indonesian Industry minister MS Hidayat said that the Japanese Economy, Trade and Industry minister, Yukio Edano, asked whether the implementation of the ban on raw material exports would be implemented fully starting 2014.
“He [the Japanese minister] asked me whether Indonesia could still export raw materials if there was surplus stock after all smelters in Indonesia had operated to full capacity. I didn’t answer, I said I would discuss it with the related ministry first,” he said.
Hidayat continued that he had requested the Japanese minister to boost investments in Indonesia particularly in the downstream sector. The Indonesian government would guarantee raw-material supply for Japanese smelters built in Indonesia, he added.
The Energy and Mineral Resources Ministry said earlier that this year the ministry hoped to attract US$3.5 billion in new investments into the mineral and coal mining sectors, a 10 percent increase from the $3.18 billion reached last year.
The chairman of the Indonesian Mining Experts Association (Perhapi), Irwandi Arif, agreed with Thamrin that the government had to be consistent with the regulations it had issued because developing downstream industries in the mining sector was very important for the country’s future.
“We have to be consistent with our purpose of developing added value. This is the new paradigm in the 2009 law on minerals and coal. This is very important to increase the contribution of mining products to the state and people,” he argued.
Source: The Jakarta Post (By-Rangga D. Fadillah)
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Tuesday, 23 August 11
PENRHYN COAL USING EVERGREEN ENERGYS COAL UPGRADING PROCESS
Evergreen Energy Inc has announced the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy’s coal upgradi ...
Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge ...
Monday, 22 August 11
INDONESIA TO BAN BELOW 5700 KCAL/KG COAL FOR EXPORT
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners ...
Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY
COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s c ...
Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
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- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
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