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Monday, 19 November 12
GOVT PREPARES TO FACE ANOTHER SUIT ON MINING LAW - THE JAKARTA POST
 The government is gearing up to face a complaint on the 2009 Mining Law prepared by the same organization that previously brought down upstream oil and gas regulator BPMigas through a surprising verdict from the Constitutional Court, a minister has said.
Energy and Mineral Resources Minister Jero Wacik said on Sunday he would gather all of the lawmakers and officials involved in the formulation of the Mining Law as part of preparations for the planned judicial review.
“It is my job as a minister to implement all the steps stipulated in the existing laws. If a law is annulled, then those involved in its drafting must also be responsible,” he told The Jakarta Post in a
telephone interview.
Jero was commenting on a recent statement by Muhammadiyah’s chairman, Din Syamsuddin, who said the organization would continue to file complaints on several natural resource laws in a bid to open access for Indonesians to benefit from the country’s rich resources.
Din told reporters at Muhammadiyah’s headquarters in Jakarta last Thursday that the nation’s second-largest Muslim organization saw several regulations, including those issued under the Mining Law, as unconstitutional because “they have impoverished the majority of Indonesians and enriched foreign agencies”.
“We are not anti-foreigners, but we believe that the government must put its people first before any business ties with foreign companies,” he added.
Din cited this idea as the reason Muhammadiyah had teamed up with 41 other organizations to file a review of the 2001 Oil and Gas Law last year, several parts of which were struck down by the Constitutional Court last week, resulting in the dissolution of BPMigas.
According to Din, a team of experts had conducted a thorough review of the law from 2009 to 2010 before finally concluding that it contradicted the 1945 Constitution.
Several high-profile figures also joined the club to petition for the review, including Hasyim Muzadi, the former chairman of Indonesia’s largest Muslim organization, Nahdlatul Ulama (NU), and senior Golkar Party politician and former industry minister, Fahmi Idris.
Kwik Kian Gie and Rizal Ramli — former ministers under administrations of the late Abdurrahman Wahid and Megawati Soekarnoputri — as well as Kurtubi, an energy expert at state energy firm PT Pertamina, were asked by the plaintiffs to become expert witnesses in the case.
In September, a Supreme Court verdict ordered the government to withdraw four chapters of the Energy and Mineral Resources Ministerial Decree No. 7 on mineral processing, including one chapter on export taxes for mineral ore, after reviewing a complaint from Indonesia’s nickel businesses association.
The export tax was meant to prevent the exploitation of mineral ore ahead of the government’s plan to fully prohibit exports of unprocessed metals in 2014, as stipulated in the Mining Law, which will be subject to review by the Constitutional Court.
Jero had earlier said that the government was currently drafting a new regulation in light of the verdict.
Separately, noted lawyer Todung Mulya Lubis said the court’s verdict to disband BPMigas pointed to the legal uncertainties faced by foreign investors in expanding their businesses in Southeast Asia’s largest economy.
With the Constitutional Court currently reviewing the 2009 Mining Law, Todung noted more businesses would be wary of the risks of investing in Indonesia.
Source: The Jakarta Post (by: Amahl S. Azwar and Margareth S. Aritonang)
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Saturday, 22 December 12
FALL IN CAPE AND PANAMAX RATES DRAG BDI INDEX - VISTAAR
COALspot.com - The freight market further softened this week closing at 700 points (down by 10.71 pct). The cape index continued to fall and w ...
Saturday, 22 December 12
DELTA DUNIA MAKMUR PRODUCED 3.2 MILLION TONS OF COAL IN NOVEMBER' 12
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 28.1 million bcm* (+1.8% YoY) of Overburden in November 2012 while coal production was at 3.2 ...
Friday, 21 December 12
JORC CODE, 2012 EDITION NOW FINALIZED
COALspot.com - The JORC Committee has announced that, the completion of the review of the JORC Code of 2012 Edition.
The JORC Code, 2012 Ed ...
Thursday, 20 December 12
COAL CLOSING IN ON OIL AS WORLD'S TOP ENERGY SOURCE BY 2017
COALspot.com - Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’ ...
Thursday, 20 December 12
CHINA'S IRON ORE AND COAL DEMAND WILL SHAPE THE CAPESIZE DRY BULK TRADE DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the best efforts from ship owners to help alleviate the current tonnage oversupply issue in the dry bulk segment, especially in the larger v ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Chamber of Mines of South Africa
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