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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, 12 March 12
DELTA DUNIA 1M OVERBURDEN DROPS 3.1% - INSIDER STORIES
Insider Stories reported that, Indonesia's second largest coal mining contractor PT Delta Dunia Makmur Tbk (DOID) reported a 25 million bank ...
Monday, 12 March 12
DRY BULK RATES WILL REMAIN LOW IN 2012 SAYS DANISH SHIP FINANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its annual shipping survey Danish Ship Finance said that the current outlook for the Dry Bulk market seems unlikely to foster higher rates in any ...
Monday, 12 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first days of March appear to be more encouraging for dry bulk operators, but the outlook is still gloomy for the rest of year with earnings for ...
Sunday, 11 March 12
FREIGHT RATES FOR INDONESIA TO INDIA WILL CONTINUE TO REMAIN FIRM- VISTAAR
COALspot.com - This week saw another upward trend with all indices up except for the Cape index.
The BDI was up by 6.87 pct closing at 824 points ...
Friday, 09 March 12
MINING IN INDONESIA: RESTRICTION ON FOREIGN INVESTMENT - SUNIL K KUMBHAT
COALspot.com - Recently Govt has passed regulation instructing foreign mining companies to reduce their ownership stake.
The regulation known as ...
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- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Planning Commission, India
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Parliament of New Zealand
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
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