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 : 28,695
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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