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Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. 4/2009 (the “Mining Law”) regarding the determination of mining areas. The decision was issued in response to the judicial review request submitted by the East Kutai Bupati.
Prior to the Constitutional Court decision, the Mining Law required the Central Government to map mining areas (in terms of Mining Areas, Mining Business Areas, and Mining Business Licence Areas) after consultation with Regional Governments and the Parliament. Until the mapping of such areas is complete there were to be no new mining business licences (Ijin Usaha Pertambangan or IUP) issued.
The Court’s decision means that determination of mining areas now has to be done in two steps, first by the Regional Government and then by the Central Government (after discussion with the Parliament). We understand that the Central Government had not completed the mine area mapping process prior to the decision. This new procedure may hold up the finalization of mining area mapping which will lead to further delays in the issuance of new IUPs.
One responsibility that has not been transferred to Regional Governments is the determination of State Reserve Areas, or areas where mining activities are prohibited for an unspecified period. Determining State Reserve Areas will remain the responsibility of the Central Government. This may result in conflicts and overlaps between State Reserve Areas and Mining Business Licence Areas where there is no coordination between the Central and Regional Governments. The Constitutional Court decision does not stipulate any means to resolve potential overlaps.
About Tjen She Siung
She Siung is a Tax Director with PwC Indonesia. He has been providing tax services to a wide range of multinational and domestic companies, focusing on the Energy Utilities and Mining sector. He has an in-depth knowledge of the full range of Indonesian tax issues, including corporate income tax, VAT and withholding taxes.
Publications related to the Indonesia Energy Utilities and Mining sector can also be accessed at PwC Indonesia's website.
For further queries you can contact She Siung at tjen.she.siung@id.pwc.com
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Sunday, 06 January 13
FREIGHT MARKET REMAINED FAIRLY STEADY - VISTAAR
WISH YOU ALL HAPPY NEW YEAR
COALspot.com - The freight market remained fairly steady in spite of Christmas / New Year Holidays. The BDI was almos ...
Saturday, 05 January 13
THE SHIPPING MARKET IN 2012 AND LOOKING FORWARD - BIMCO
Global Economy: Things will go up from here
The global economy continues to grow, albeit at a slower pace than previous years. The slower economic ...
Friday, 04 January 13
DRY BULK MARKET LOOKING FOR DIRECTION IN FIRST TRADING DAYS OF THE NEW YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is actively looking for its footing at the start of the New Year, as charters have been scarce, as is usually the case during th ...
Thursday, 03 January 13
INDONESIAN SUB-BITUMINOUS COAL SWAPS CLOSED US$ 6.86 HIGHER FOR 2014 DELIVERY
COALspot.com - Swaps prices were changed positively for thermal coal for loading in the first quarter from Indonesia, according to SGX AsiaClear OTC ...
Thursday, 03 January 13
SUPRMAX FREIGHT RATE FROM RED SEA / INDIA IS AROUND MID TEENS - FEARNLEYS
Fearnleys in its weekly report said that, Indian market was very quiet in respect of export of iron ore. For Indo-India trip Supra rate was hovering ...
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- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- PTC India Limited - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
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