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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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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 ...
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- Georgia Ports Authority, United States
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- The University of Queensland
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- Ministry of Mines - Canada
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- Economic Council, Georgia
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- Energy Development Corp, Philippines
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- European Bulk Services B.V. - Netherlands
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- Independent Power Producers Association of India
- McConnell Dowell - Australia
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- OPG Power Generation Pvt Ltd - India
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- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
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- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - 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
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- 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
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
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- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- The State Trading Corporation of India Ltd
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- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
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- Sakthi Sugars Limited - India
- The Treasury - Australian Government
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- Orica Mining Services - Indonesia
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- Minerals Council of Australia
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- Bulk Trading Sa - Switzerland
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- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- PTC India Limited - 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
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- 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
- 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
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- 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
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