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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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Monday, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...
Friday, 14 July 23
CLEAN COAL USE KEY TO DEEP CUTS IN EMISSIONS, STABLE ELECTRICITY SUPPLY - CHINA DAILY
China must push for the clean use of coal and step up integration of the dirty fuel with carbon capture, utilization and storage to achieve sustain ...
Thursday, 13 July 23
VIETNAM'S COAL EMISSIONS PRIMED FOR SURGE AFTER IMPORTS JUMP - REUTERS
Vietnam’s thermal power emissions are primed for a steep climb this summer after the country’s imports of thermal coal soared to their ...
Monday, 26 June 23
COAL PRODUCTION AND CONSUMPTION UP IN 2022 - EUROSTAT
In 2022, EU coal production and consumption continued to increase, reaching 349 million tonnes (+5% compared with the previous year) and 454 millio ...
Wednesday, 21 June 23
QATAR STRIKES SECOND BIG LNG SUPPLY DEAL WITH CHINA - REUTERS
Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead i ...
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- Rio Tinto Coal - Australia
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- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
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- Samtan Co., Ltd - South Korea
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- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
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- Electricity Generating Authority of Thailand
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- Tamil Nadu electricity Board
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- IEA Clean Coal Centre - UK
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- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
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- Romanian Commodities Exchange
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- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
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- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- The University of Queensland
- Savvy Resources Ltd - HongKong
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- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
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- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
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- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
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- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- White Energy Company Limited
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
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- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
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- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
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- AsiaOL BioFuels Corp., Philippines
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- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
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