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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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Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
Wednesday, 17 August 11
TAVESCO KILLARA ENERGY TO ACQUIRE COAL CONCESSIONS IN EAST KALIMANTAN
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
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- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
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