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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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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 ...
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 ...
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- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Planning Commission, India
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- MS Steel International - UAE
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- White Energy Company Limited
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
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