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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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Friday, 16 November 12
HANDY : IRON ORE WAS QUIET AND RATES FROM INDIA TO CHINA AROUND USD 5500
Handy
The Atlantic was weak with more supply of ships. Rates from Continent/ Feast at USD 9000 and from USG/China at USD 15k. The Pacific market re ...
Wednesday, 14 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 11.14 PERCENT MORE COAL W-W
COALspot.com - Newcastle port in Australia has loaded 3,100,686 MT of thermal and coking coal for week ended – 0700 hours 12 November 2012, Ne ...
Tuesday, 13 November 12
INITIAL COAL PRODUCTION AT KATINGAN RIA ON TRACK FOR 2013 FOLLOWING GRANTING OF 'IN PRINCIPLE' FORESTRY PERMIT, INDONESIA
Realm Resources Ltd (“Realm” or the “Company” - ASX: RRP) has announced that its application to upgrade its exploration fore ...
Tuesday, 13 November 12
BULK PORTS & TECHNOLOGY ASIA 2013
Press Release - TOC Events are pleased to announce a new addition to our global portfolio with the launch of the inaugural Bulk Ports & Technolo ...
Monday, 12 November 12
THE ESTABLISHMENT OF NORTH KALIMANTAN AS A NEW PROVINCE WILL NOT AFFECT THE LOCAL MINING COMPANIES
The government of Indonesia has ensured that the establishment of North Kalimantan as a new province will not affect the local mining companies ...
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- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- The University of Queensland
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
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