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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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Thursday, 03 January 13
DRY BULK DEMAND TO KEEP RISING IN 2013, DRY BULK SHIP PRICES TO KEEP FALLING SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In a recent report on the future of the shipping markets, DVB bank said that dry bulk demand is expected to keep on growing in the coming years, mai ...
Wednesday, 02 January 13
NEWCASTLE PORT SHIPPED 23.61 PERCENT MORE COAL W-W
COALspot.com - Newcastle port in Australia has loaded 3,533,183 MT of thermal and coking coal for week ended 0700 hours 31 December 2012, Newc ...
Wednesday, 02 January 13
DRY BULK MARKET TO STAY ELEVATED IN START OF 2013 BUT THE NEW YEAR WILL NOT BE WITHOUT TURBULENCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted, that Capesize time-charter rates are expected to stay elevated in the following six ...
Monday, 31 December 12
KOSEP IS LOOKING FOR 280K MT OF 4600 NCV COAL FOR APRIL - JUNE 2013
COALspot.com : South Korean state-owned utility Korea South-East Power Co., Ltd. (KOSEP), has issued an new tender for prompt supply of 280,00 ...
Monday, 31 December 12
VALE CELEBRATES ARRIVAL OF "VALE SOHAR" BULK CARRIER TO SULTANATE WITH MEMBERS OF COMMUNITY
'Vale Sohar', one of the largest bulk carriers in the world, was welcomed to Oman by members of the North Al Batinah community headed by H.E. Shei ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
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