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Friday, 11 November 11
GOVT WAITS LEGAL DECISION ON BUKIT ASAM, ADARO DISPUTE - JP
The Jakarta Post reported that, The government says that it will not interfere in the settlement process of the dispute between state coal miner PT Bukit Asam and the country’s second largest coal producer, PT Adaro Energy, on an overlapping mining area.
Director general for minerals and coal at the Energy and Mineral Resources Ministry Thamrin Sihite said that the government would wait for a legal decision on the dispute.
“The government will comply with the decision,” he told reporters after attending the launch of the Indonesian Coal Index (ICI) 5, a reference price for low-rank coal, in Jakarta on Thursday.
Overlapping mining areas often happened in the country after the implementation of regional autonomy, he reported.
“In many cases, regent A gives a mining permit to a company, but then regent B, who replaced regent A, also gives a permit for the same area to another company. That happens very often across the country,” said Thamrin.
He promised that the government would solve the problems of overlapping mining areas as soon as possible.
According to the ministry’s data, as of September, only 45 percent or 3,778 of 8,263 registered mining licenses (IUP) have the status of “clean and clear”, the remaining 4,485 licenses were problematic.
Bukit Asam and PT Mustika Indah, whose 75 percent share is owned by Adaro’s subsidiary PT Alam Tri Abadi, are currently in dispute over a mining area in South Sumatra. The case is now in the process of appeal process at the Supreme Court.
Bukit Asam sent a subpoena to Adaro on the disputed land. The company’s lawyer, Anton Dedi Hermanto, said earlier that Adaro claimed Mustika’s land did not overlap Bukit Asam’s mining areas.
He claimed that the mining right (KP) issued by the regent of Lahat for Mustika through the letter of authority number 540/65/KEP/PERTAMBEN/2005 with a total area of 2,742 hectares overlaps Bukit Asam’s exploration area.
The South Sumatra governor’s letter number 556/KPTS/PERTAMBEN/2004 which became Adaro’s reference did not eliminate the right of Bukit Asam over the exploration area of 26,760 hectares.
Source: The Jakarta Post
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Tuesday, 27 March 12
DRY BULK MARKET KEEP RISING FOLLOWING THE SAME TREND OF LAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum this week, on the same reasons of those last week. That is, the smaller ship types are still on the ris ...
Monday, 26 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The Baltic Dry Index follows its upward incline for fourth consecutive week by rising to more than 900 points, up by 37% from the bottom low in the ...
Monday, 26 March 12
GOLDEN MINES FY11 REVENUE JUMPS 209% - INSIDER STORIES
Insider Stories reported that, coal miner PT Golden Energy Mines Tbk (GEMS), that is controlled by Sinar Mas Group, recorded a 209% jump in revenue ...
Saturday, 24 March 12
AUSTRALIA'S MINERAL TAX : BENCHMARK FOR OTHER COUNTRIES - SUNIL K KUMBHAT
COALspot.com - Natural resources rich counties like Australia , Indonesia , South Africa , Brazil etc are going through a spectacular resources boom ...
Saturday, 24 March 12
THE AVERAGE CHARTER RATES WAS AT CAPESIZE $ 4,546 PER DAY VS SUPRAMAX / $ 10,819 PER DAY - VISTAAR
COALspot.com - The BDI crossed 900 points this week closing at 908 points up by 3.89 pct. All other sectors were up except for cape index whic ...
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- Asmin Koalindo Tuhup - Indonesia
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- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
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- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
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- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
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- Standard Chartered Bank - UAE
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- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Australian Coal Association
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- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
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- San Jose City I Power Corp, Philippines
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- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
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- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Planning Commission, India
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
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- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
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