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Wednesday, 07 March 12
INDONESIA TO LIMIT FOREIGN OWNERSHIP IN MINES TO 49 PERCENT WITHIN 10 YEARS OF PRODUCTION
COALspot.com - Foreign holders of mining licenses in Indonesia have to divert 51% of their stakes to Indonesian government or domestic entities within 10 years of starting production, according to a decree (PP 24/2012) signed by President of Indonesia on Feb. 21.
According to regulation, foreign holders of mining licenses are required to offer their first 20% stakes diversion to Indonesian party within a period no later than 90 (ninety) calendar days after 5 (five) years receipt of mining license (IUP operation and production).
Foreign mining license holders are required to offer their stakes to government of Indonesia, provincial government, local government district / city, state owned enterprises first prior to offer domestic private entities. According to regulations, the government, local government or state owned enterprises have to expressed interest at the latest within 60 (sixty) calendar days from the date of bidding.
In the event the government and the provincial government or local government district / city, state, and local enterprises are not interested to buy divested shares, then the shares can be offered to domestic private enterprises in a period of at least 30 (thirty) calendar days.
Domestic private enterprises have to express their interest at least within 30 (thirty) calendar days after the date of bidding. If domestic private enterprise have decided to buy the shares, then the payment and transfer of purchased shares has to be completed at the latest within 90 (ninety) calendar days after the date finalization of the purchase of shares.
However, If the divestment is not reached within the period stated in the regulation 24/2012, the diversion of shares can be made in the following year.
7th Year of production of completion or 6th years of receipt of IUP OP license, the foreign owners of mines are required to divert an another 10% or total 30% of total stakes and 8th years of production 7% stakes diversion, by 9th year of production another 7% and finally 10th years of production 51% of total stakes must hold by either Indonesian government, local government district / city, state enterprises, or national private entities.
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Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
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Wednesday, 09 August 23
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The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
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- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Australian Coal Association
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- The University of Queensland
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- VISA Power Limited - India
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
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