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Wednesday, 25 January 12
CLEAN AND CLEAR MINING PERMITS TO BE COMPLETED END OF 2012 - BISNIS.COM
 Bisnis.com reported that, the government plans to announce 700 mining permits with "clean and clear" status without overlapping on other permit holders in the near future so all of the permits are expected to be complete at the end of 2012.
Since the issue of Mining Act, the Ministry of Energy and Mining Directorate General of Mineral Resources (ESDM) until mid-2011 there were 9,662 mining permits (IUP)issued by the local governments.
Of the total IUP, only 3,778 permits have clean and clear status. Clean and clear status shows that the mining areas have complete documents and no overlapping areas.
The remaining 5,884 permits are problematic. In fact, there are expected to be significant unclear permits since the licensing authorities are held by the local governments. This is because regional heads or regents neglect to manage the matter.
A Bisnis source said that in one area of East Kalimantan, to take power of attorney over the adjustment of mining permit status into exploration permit about IDR 250 million (approximately US$ 27,700) is needed, while the 'cost' for a production permit ranges between IDR 500 million and IDR 1 billion (approximately US$ 55,401 - US$ 110,803).
It is caused by the unprofessional regents who gave permits to more than one party," said Thamrin Sihite, Director General of Mining and Mineral Resources
Ministry last weekend.
The Directorate General of Mineral and Coal has assigned the University of Indonesia (UI) to resolve the issue. The appointment has caused internal resistance since the verification which was actually conducted by the Directorate of Commercial Directorate of Coal and Mineral has to be taken over by an Independent Team from UI.
The completion of the mining permit verification, Thamrin said, is expected to boost state revenues from the mining sector.
"With reconciliation, the mining permit will be more orderly. In addition, the permit holder who usually pays a dividend to the regional government, will now be expected to pay the central government. The central government has also conducted socialization to the local government so that the payment of non-tax state revenues can be deposited to central. Then, it will be distributed to the local government,"he said.
Besides completing the reconciliation of mining permit, the government also continues to fix the mining sector. President Susilo Bambang Yudhoyono has formed an evaluation team to adjust working contract (KK) and the agreement of the coal mining business (PKP2B) in accordance with Presidential Decree No.3/2012.
The team is composed of the Coordinating Minister for Economic Affairs Hatta Rajasa as the chairman, the Minister of ESDM Jero Wacik as Chief Executive and Director General of Mineral and Coal Thamrin Sihite as the secretary.
The evaluation team members consists of the Minister of Finance, Minister of Home Affairs, Minister of Justice and Human Rights, Minister of Industry, Minister of Trade, Minister of Forestry, Minister of SOEs, the Cabinet Secretary, the Attorney General, Chief of Financial Development Supervisory Board (BPKP), Head of National Land Agency (BPN), and the Head of Investment Coordinating Board (BKPM).
Source : Bisnis.com (By:Vega Aulia Pradipta) / Mitrais
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Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
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- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Planning Commission, India
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
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