COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 09 March 12
SHIP OWNERS LOOKING TO CHINA FOR REVIVAL, WHILE THEY KEEP SELLING OLD SHIPS FOR SCRAP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With China’s economic policy plan for the future on every ship owner’s mind, at least those involved in the dry bulk industry, the lates ...


Thursday, 08 March 12
INDONESIA'S COAL SECTOR CAN BENEFIT FROM CLEARER REGULATIONS - FITCH RATINGS
Fitch Ratings says Indonesia's coal mining sector should continue to see strong growth prospects but can benefit from clearer and more predictable ...


Thursday, 08 March 12
DRY BULK MARKET ON THE RISE; CHINAS COAL IMPORTS COULD INCREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on rising back to healthier levels yesterday, with the BDI (Baltic Dry Index) the industry’s benchmark, marking its 8 ...


Wednesday, 07 March 12
INDONESIA COAL BENCHMARK PRICE GAINS FOR SECOND MONTH
COALspot.com - Indonesia raised the monthly coal reference price for sales in March by 1.15 percent, the second increase since February. The Mini ...


Wednesday, 07 March 12
ASSESS ASIAS POTENTIAL, DEVELOPMENTS AND APPETITE FOR SHALE AT SHALE GAS SUMMIT
Press Release - Assess Asia’s Potential, Developments and Appetite for Shale at Shale Gas Summit on 23-24 Apr, 2012 in Beijing China is rep ...


   962 963 964 965 966   
Showing 4816 to 4820 news of total 6871
News by Category
Popular News
 
Total Members : 28,621
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • TRAFIGURA, South Korea
  • Georgia Ports Authority, United States
  • Directorate Of Revenue Intelligence - India
  • Ceylon Electricity Board - Sri Lanka
  • CIMB Investment Bank - Malaysia
  • Global Coal Blending Company Limited - Australia
  • IHS Mccloskey Coal Group - USA
  • Maersk Broker
  • Jatenergy - Australia
  • Maruti Cements - India
  • Indian Oil Corporation Limited
  • IBC Asia (S) Pte Ltd
  • Simpson Spence & Young - Indonesia
  • Madhucon Powers Ltd - India
  • Coalindo Energy - Indonesia
  • Shenhua Group - China
  • Enel Italy
  • Leighton Contractors Pty Ltd - Australia
  • Standard Chartered Bank - UAE
  • Makarim & Taira - Indonesia
  • Mjunction Services Limited - India
  • IEA Clean Coal Centre - UK
  • Global Green Power PLC Corporation, Philippines
  • Cebu Energy, Philippines
  • CCIC - Indonesia
  • VISA Power Limited - India
  • MEC Coal - Indonesia
  • TeaM Sual Corporation - Philippines
  • Mercator Lines Limited - India
  • Mitra SK Pvt Ltd - India
  • ACC Limited - India
  • KPCL - India
  • BRS Brokers - Singapore
  • Total Coal South Africa
  • Thriveni
  • Meenaskhi Energy Private Limited - India
  • Bhatia International Limited - India
  • Moodys - Singapore
  • Gupta Coal India Ltd
  • Thermax Limited - India
  • Marubeni Corporation - India
  • PLN - Indonesia
  • Sical Logistics Limited - India
  • Uttam Galva Steels Limited - India
  • Sojitz Corporation - Japan
  • Kepco SPC Power Corporation, Philippines
  • EMO - The Netherlands
  • Coeclerici Indonesia
  • Eastern Energy - Thailand
  • Qatrana Cement - Jordan
  • Barasentosa Lestari - Indonesia
  • KEPCO - South Korea
  • UBS Singapore
  • The University of Queensland
  • Global Business Power Corporation, Philippines
  • Vale Mozambique
  • Gresik Semen - Indonesia
  • Singapore Mercantile Exchange
  • GAC Shipping (India) Pvt Ltd
  • Infraline Energy - India
  • Australian Commodity Traders Exchange
  • Ministry of Mines - Canada
  • Coal India Limited
  • Noble Europe Ltd - UK
  • Central Java Power - Indonesia
  • Siam City Cement - Thailand
  • Economic Council, Georgia
  • Indorama - Singapore
  • Indika Energy - Indonesia
  • Energy Development Corp, Philippines
  • Asia Cement - Taiwan
  • Lanco Infratech Ltd - India
  • KOWEPO - South Korea
  • Ind-Barath Power Infra Limited - India
  • European Bulk Services B.V. - Netherlands
  • Kideco Jaya Agung - Indonesia
  • Lafarge - France
  • Merrill Lynch Bank
  • Independent Power Producers Association of India
  • SUEK AG - Indonesia
  • McConnell Dowell - Australia
  • London Commodity Brokers - England
  • OPG Power Generation Pvt Ltd - India
  • Grasim Industreis Ltd - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Commonwealth Bank - Australia
  • Vitol - Bahrain
  • Glencore India Pvt. Ltd
  • Central Electricity Authority - India
  • Mitsui
  • International Coal Ventures Pvt Ltd - India
  • GMR Energy Limited - India
  • Bukit Baiduri Energy - Indonesia
  • EIA - United States
  • Kalimantan Lumbung Energi - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Jindal Steel & Power Ltd - India
  • Petrosea - Indonesia
  • Berau Coal - Indonesia
  • Xindia Steels Limited - India
  • Bhushan Steel Limited - India
  • Posco Energy - South Korea
  • SRK Consulting
  • Straits Asia Resources Limited - Singapore
  • ING Bank NV - Singapore
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Larsen & Toubro Limited - India
  • Surastha Cement
  • Bhoruka Overseas - Indonesia
  • Inco-Indonesia
  • Metalloyd Limited - United Kingdom
  • Carbofer General Trading SA - India
  • GNFC Limited - India
  • South Luzon Thermal Energy Corporation
  • New Zealand Coal & Carbon
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Bayan Resources Tbk. - Indonesia
  • Siam City Cement PLC, Thailand
  • Adaro Indonesia
  • Aditya Birla Group - India
  • globalCOAL - UK
  • Baramulti Group, Indonesia
  • TANGEDCO India
  • bp singapore
  • Indonesian Coal Mining Association
  • DBS Bank - Singapore
  • Jaiprakash Power Ventures ltd
  • Trasteel International SA, Italy
  • Credit Suisse - India
  • Electricity Generating Authority of Thailand
  • Clarksons - UK
  • World Coal - UK
  • TNPL - India
  • Aboitiz Power Corporation - Philippines
  • Coal Orbis AG
  • Thailand Anthracite
  • ASAPP Information Group - India
  • Power Finance Corporation Ltd., India
  • Maharashtra Electricity Regulatory Commission - India
  • Bharathi Cement Corporation - India
  • SMC Global Power, Philippines
  • Mercuria Energy - Indonesia
  • Thiess Contractors Indonesia
  • Latin American Coal - Colombia
  • San Jose City I Power Corp, Philippines
  • Agrawal Coal Company - India
  • PetroVietnam
  • Interocean Group of Companies - India
  • Altura Mining Limited, Indonesia
  • JPower - Japan
  • Australian Coal Association
  • Maheswari Brothers Coal Limited - India
  • Timah Investasi Mineral - Indoneisa
  • Heidelberg Cement - Germany
  • JPMorgan - India
  • AsiaOL BioFuels Corp., Philippines
  • Indian Energy Exchange, India
  • Kartika Selabumi Mining - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • RBS Sempra - UK
  • CoalTek, United States
  • Coastal Gujarat Power Limited - India
  • Semirara Mining Corp, Philippines
  • Asmin Koalindo Tuhup - Indonesia
  • Cardiff University - UK
  • BNP Paribas - Singapore
  • Romanian Commodities Exchange
  • Videocon Industries ltd - India
  • Geoservices-GeoAssay Lab
  • Panama Canal Authority
  • Sree Jayajothi Cements Limited - India
  • Permata Bank - Indonesia
  • Peabody Energy - USA
  • Electricity Authority, New Zealand
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Argus Media - Singapore
  • MS Steel International - UAE
  • Borneo Indobara - Indonesia
  • Asian Development Bank
  • Attock Cement Pakistan Limited
  • Indogreen Group - Indonesia
  • The State Trading Corporation of India Ltd
  • Kaltim Prima Coal - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • PowerSource Philippines DevCo
  • Samtan Co., Ltd - South Korea
  • Miang Besar Coal Terminal - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Sakthi Sugars Limited - India
  • Pinang Coal Indonesia
  • The Treasury - Australian Government
  • Cigading International Bulk Terminal - Indonesia
  • TGV SRAAC LIMITED, India
  • Bank of China, Malaysia
  • Ministry of Finance - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Tata Chemicals Ltd - India
  • Pendopo Energi Batubara - Indonesia
  • Bangkok Bank PCL
  • Indonesia Power. PT
  • IMC Shipping - Singapore
  • Mitsubishi Corporation
  • Renaissance Capital - South Africa
  • Dalmia Cement Bharat India
  • Karaikal Port Pvt Ltd - India
  • Chettinad Cement Corporation Ltd - India
  • Orica Mining Services - Indonesia
  • Tata Power - India
  • ICICI Bank Limited - India
  • Minerals Council of Australia
  • Mechel - Russia
  • Gujarat Sidhee Cement - India
  • Bulk Trading Sa - Switzerland
  • Chamber of Mines of South Africa
  • GN Power Mariveles Coal Plant, Philippines
  • Manunggal Multi Energi - Indonesia
  • Orica Australia Pty. Ltd.
  • Binh Thuan Hamico - Vietnam
  • GVK Power & Infra Limited - India
  • GHCL Limited - India
  • SN Aboitiz Power Inc, Philippines
  • Medco Energi Mining Internasional
  • Globalindo Alam Lestari - Indonesia
  • Tanito Harum - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • ANZ Bank - Australia
  • Maybank - Singapore
  • Petron Corporation, Philippines
  • Freeport Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Cemex - Philippines
  • OCBC - Singapore
  • Samsung - South Korea
  • Runge Indonesia
  • Parliament of New Zealand
  • Energy Link Ltd, New Zealand
  • Thai Mozambique Logistica
  • UOB Asia (HK) Ltd
  • SASOL - South Africa
  • Africa Commodities Group - South Africa
  • Japan Coal Energy Center
  • PTC India Limited - India
  • Malco - India
  • Kumho Petrochemical, South Korea
  • Riau Bara Harum - Indonesia
  • Anglo American - United Kingdom
  • Directorate General of MIneral and Coal - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Cargill India Pvt Ltd
  • Formosa Plastics Group - Taiwan
  • HSBC - Hong Kong
  • Wilmar Investment Holdings
  • Iligan Light & Power Inc, Philippines
  • Mintek Dendrill Indonesia
  • Parry Sugars Refinery, India
  • Bank of America
  • GB Group - China
  • Gujarat Electricity Regulatory Commission - India
  • J M Baxi & Co - India
  • Reliance Power - India
  • ETA - Dubai
  • Merrill Lynch Commodities Europe
  • Deutsche Bank - India
  • Sinarmas Energy and Mining - Indonesia
  • Intertek Mineral Services - Indonesia
  • Kobe Steel Ltd - Japan
  • Savvy Resources Ltd - HongKong
  • U S Energy Resources
  • Essar Steel Hazira Ltd - India
  • Vedanta Resources Plc - India
  • The India Cements Ltd
  • Wood Mackenzie - Singapore
  • Arch Coal - USA
  • Banpu Public Company Limited - Thailand
  • Cosco
  • Jorong Barutama Greston.PT - Indonesia
  • Adani Power Ltd - India
  • McKinsey & Co - India
  • Rio Tinto Coal - Australia
  • Sarangani Energy Corporation, Philippines
  • SGS (Thailand) Limited
  • Antam Resourcindo - Indonesia
  • Bangladesh Power Developement Board
  • Thomson Reuters GRC
  • Sindya Power Generating Company Private Ltd
  • CNBM International Corporation - China
  • Rudhra Energy - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • CESC Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • Sucofindo - Indonesia
  • PLN Batubara - Indonesia
  • NTPC Limited - India
  • KPMG - USA
  • Indian School of Mines
  • Kapuas Tunggal Persada - Indonesia
  • Tamil Nadu electricity Board
  • WorleyParsons
  • Alfred C Toepfer International GmbH - Germany
  • Goldman Sachs - Singapore
  • SMG Consultants - Indonesia
  • Humpuss - Indonesia
  • Oldendorff Carriers - Singapore
  • Kobexindo Tractors - Indoneisa
  • Core Mineral Indonesia
  • White Energy Company Limited
  • Eastern Coal Council - USA
  • Cement Manufacturers Association - India
  • Meralco Power Generation, Philippines
  • Fearnleys - India
  • India Bulls Power Limited - India
  • Coaltrans Conferences
  • Star Paper Mills Limited - India
  • Russian Coal LLC
  • Inspectorate - India
  • Britmindo - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Barclays Capital - USA
  • Shree Cement - India
  • Coal and Oil Company - UAE
  • Vizag Seaport Private Limited - India
  • Arutmin Indonesia
  • Therma Luzon, Inc, Philippines
  • Platou - Singapore
  • TNB Fuel Sdn Bhd - Malaysia
  • Price Waterhouse Coopers - Russia
  • Holcim Trading Pte Ltd - Singapore
  • Salva Resources Pvt Ltd - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Krishnapatnam Port Company Ltd. - India
  • APGENCO India
  • Toyota Tsusho Corporation, Japan
  • Rashtriya Ispat Nigam Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • PetroVietnam Power Coal Import and Supply Company
  • NALCO India
  • Xstrata Coal
  • Platts
  • Deloitte Consulting - India
  • World Bank
  • Ministry of Transport, Egypt
  • Ince & co LLP
  • Malabar Cements Ltd - India
  • Idemitsu - Japan
  • Bukit Makmur.PT - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Ambuja Cements Ltd - India
  • Edison Trading Spa - Italy
  • Port Waratah Coal Services - Australia
  • Planning Commission, India
  • LBH Netherlands Bv - Netherlands
  • Neyveli Lignite Corporation Ltd, - India
  • IOL Indonesia