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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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Thursday, 13 December 12
HANDY : WCI-CHINA RATES AROUND $ 6000 AND ECI-CHINA AROUND $ 4000 - FEARNLEYS
Handy
Atlantic market remained unchanged. Rates from USG to Feast were around USD 18k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates ...
Wednesday, 12 December 12
69.23 PERCENT OF END-USERS ARE BELIEVE, COAL PRICES ARE IN UPWARD TREND
COALspot.com - The Indonesian government’s declared coal reference price for December’ 12 has gained US cents 31 per MT M-o- ...
Wednesday, 12 December 12
CAPESIZE FREIGHT RATES TO RANGE BETWEEN $9,000 - 16,000/DAY IN THE COMING WEEKS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted yesterday, that Capesize time-charter rates are expected to stay elevated in the foll ...
Tuesday, 11 December 12
NEWCASTLE PORT IN AUSTRALIA HAS LOADED 2,720,205 MT OF COAL W/E 10 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,720,205 MT of thermal and coking coal for week ended 0700 hours 10 December 2012, Newc ...
Sunday, 09 December 12
COAL SWAPS HAVE LOST DIRECTION DUE TO LACK OF ASIAN INTEREST
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 2.43 percent M-M but lost WoW by 0.54 percent and 0.62 ...
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- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Planning Commission, India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- The University of Queensland
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
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