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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, 04 October 12
CAPESIZE : IN SPITE OF THE HOLIDAYS IN CHINA, RATES ARE CLIMBING UP - FEARNLEYS AS
Handy
Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to east Med were around USD 13k and Black ...
Wednesday, 03 October 12
BARCLAYS'S PRICE FORECAST FOR NEWCASTLE COAL HAS BEEN WRITTEN DOWN
“ The main story in the global coal markets has been the growth in supply, with all of the major exporters adding volumes into a market which ...
Sunday, 30 September 12
SUB-BIT INDONESIA COAL SWAPS: MIXED TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 0.73 percent w-o-w but gained 0.41 percent d-o-d on Friday, 28 Se ...
Sunday, 30 September 12
INDONESIA HAS NO PLAN TO CAP COAL PRODUCTION
COALspot.com - “The current low coal prices were mainly due to a global oversupply condition, spurred by numerous mining exploitations in the ...
Sunday, 30 September 12
FREIGHT MARKET UNDER PRESSURE; OVERALL SENTIMENTS ARE STILL BEARISH
COALspot.com - The freight market seemed to have lost steam and all indices were down except for cape index.
The BDI was slightly down by 6 point ...
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- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
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- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- The University of Queensland
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- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- The State Trading Corporation of India Ltd
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- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
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- Chamber of Mines of South Africa
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- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Georgia Ports Authority, United States
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- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
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- Orica Mining Services - Indonesia
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- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
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- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
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- Bhushan Steel Limited - India
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- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
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- Makarim & Taira - Indonesia
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- Binh Thuan Hamico - Vietnam
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- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
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- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
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- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
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- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Planning Commission, India
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- Economic Council, Georgia
- Altura Mining Limited, Indonesia
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- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Madhucon Powers Ltd - India
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- South Luzon Thermal Energy Corporation
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
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- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
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- Romanian Commodities Exchange
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- PowerSource Philippines DevCo
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- Bahari Cakrawala Sebuku - Indonesia
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- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
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- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
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- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- MS Steel International - UAE
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
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- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
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