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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, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES
Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net prof ...
Sunday, 22 January 12
FREIGHT MARKET DROPPED TO THE LOWEST LEVEL SINCE 2008
COALspot.com - "The markets continued to soften almost reaching 2008 levels breaking the 1,000 point mark", said Capt. Reddy of Vistaar Sh ...
Saturday, 21 January 12
ASIAS PREMIER COMPREHENSIVE OPEN CUT MINING CONFERENCE SCHEDULED FOR FEBRUARY 2012
As the only such conference in the region for miners and service providers, IBC Asia’s Open Cut Mine Planning & Operational Excellence con ...
Saturday, 21 January 12
COAL MARKETS CELEBRATES A DECADE OF BRINGING BUYERS & SELLERS TOGETHER
In 2012, IBC Asia’s premier Coal Markets conference series – Asia’s only globally focused coal import, export and supply chain eve ...
Saturday, 21 January 12
SAMIN TAN COMPLETES BUMI PLC TAKEOVER - INSIDER STORIES
Insider Stories reported that, Indonesian coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN), that is controlled by stellar businessm ...
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- Rio Tinto Coal - Australia
- Economic Council, Georgia
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- Toyota Tsusho Corporation, Japan
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
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- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
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- Tamil Nadu electricity Board
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- Chamber of Mines of South Africa
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- Formosa Plastics Group - Taiwan
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- GMR Energy Limited - India
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- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
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- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
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- The State Trading Corporation of India Ltd
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- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
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- Global Green Power PLC Corporation, Philippines
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- Videocon Industries ltd - India
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- Planning Commission, India
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- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
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- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
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- Merrill Lynch Commodities Europe
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- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- The University of Queensland
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- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
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