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Sunday, 12 February 12
INDONESIA HAS ISSUED A REGULATION TO BAN THE EXPORT OF UNPROCESSED MINERALS AND METALS BY 2014
COALspot.com - The Indonesian government has finally issued a ministerial decree (7 Year 2012 dated 6 February 2012) to ban the export of unprocessed minerals and metals by 2014.
"The law aims forced the development of the manufacturing sector by compelling resources companies to process materials at home rather than offshore. Mining companies that fail to meet new rules in place from 2014 banning the export of unprocessed commodities will face the revocation of their mining license and the suspension of their shipping activities, a government deputy minister said on Friday," as quoted by Jakarta Globe.
The producers of commodities require to process materials within Indonesia rather than offshore. According to an executive from a domestic shipping company, unprocessed commodities ban will help domestic shipping industry's growth in coming years. “The producers of mineral and metals in Kalimantan island will transport their unprocessed commodities to the facilities in Java Island to process. It will increase domestic shipping activities,” commented an another barge owner cum operator, based in Jakarta.
Small scale mine owners are expected to use private smelting plants to get their commodities processed.
According to the regulation, the companies that breaching the ban would be hit with penalties, including halving their production entitlement, revocation of their mining licenses and temporary suspension of their shipping activities. The sanctions will be imposed by the minister, governor or regent. Big companies won’t have problems with the law, says industry players.
The law bans the shipment of unprocessed gold, nickel, tin, copper, silver, bauxite, iron ore, sand iron, nickel, manganese, antimony, and other commodities. Non-metal minerals such as calcite (limestone), feldspar, kaolin, bentonite, zeolite, silica (quartz sand), zircon, and diamond will also be affected.
However, the regulation was silent on coal export ban. The government is currently drawing up a regulation to ban the export of coal below 5,700 kcal/kg (adb). The implementation of the regulation is expected as of January 12, 2014, aiming that the coal with low-grade can be upgraded upfront prior to export.
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Wednesday, 22 February 12
RAW COMMODITY EXPORT BAN SPARKS SMELTER BUILDING BOOM IN INDONESIA ANTARA / THE JAKARTA GLOBE
Antara / The Jakarta Globe reported that, as the government gears up to ban all exports of unprocessed commodities, Indonesia will see 12 new ...
Tuesday, 21 February 12
THREAT ISSUED ON MINERAL FIRMS AS GOVT PLANS EXPORT BAN - THE JAKARTA POST
The Jakarta Post, one of the leading english news papaer in Indonesia reported that, the government has given mineral producers three months to subm ...
Monday, 20 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU
The dry market experienced one more disappointing week with tonnage oversupply and limited cargo demand that pushes earnings for shipping players to ...
Monday, 20 February 12
JATENERGY SECURES FIRST 8000-TONNE COAL SALES CONTRACT FOR JONGKANG MINES
8000-tonne contract with Singaporean buyer signed for March delivery
50% down payment due in five working days
Production continues at both Jongka ...
Monday, 20 February 12
DIAN SWASTATIKA ACQUIRES ANDALAN LESTARI - INSIDER STORIES
Insider Stories reported that, PT Dian Swastatika Sentosa Tbk (DSSA), controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 99.83% takeove ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
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- Economic Council, Georgia
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- Independent Power Producers Association of India
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- SMG Consultants - Indonesia
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- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
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- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
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- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
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- Marubeni Corporation - India
- Parliament of New Zealand
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- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
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- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
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- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
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- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
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- Interocean Group of Companies - India
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