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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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Tuesday, 18 December 12
NEWCASTLE PORT IN AUSTRALIA SHIPPED 20.19 PERCENT MORE COAL W/E 17 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 3,269,640 MT of thermal and coking coal for week ended 0700 hours 17 December 2012, Newc ...
Monday, 17 December 12
SHIP PRICES TO BOTTOM OUT IN 2013 SAYS GEORGE D. GOURDOMICHALIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship values especially in older tonnage, or even modern vessels with poor quality are expected to fall further during 2013, with the market as a who ...
Monday, 17 December 12
SYNERGISING WITH PIONEERS TO DEVELOP TOMORROW'S LATIN AMERICAN RAILWAYS
Press Release: Brazil being one of the largest country in South America has one of the most dynamic rail markets in the world. Rail transport in Bra ...
Sunday, 16 December 12
FREIGHT TREND SOFTENED THIS WEEK - VISTAAR
COALspot.com - The freight market further softened this week and closed at 784 points (down by 18.84 pct). The cape index had the biggest fall ...
Friday, 14 December 12
GMR GROUP OF INDIA TO IMPORT 100K MT OF 4800 GAR COAL
COALspot.com: GMR Group of India to invite bids for 100,000 Metric Tons of imported non coking coal to be delivered during January and February 2013 ...
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- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Planning Commission, India
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
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