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Wednesday, 26 December 12
UPDATE ON EXPORT BAN ON RAW MINERALS AND ORE - RITA SUSANTO
 COALspot.com - In May 2012, the Minister of Energy and Mineral Resources (“MoEMR”) in Regulation No.7 (“Reg-7”, amended by Regulation No.11), introduced an export ban for unprocessed ore. This was for the intended purpose of ensuring an adequate supply of minerals for the domestic market and encouraging the development of domestic processing facilities. Further implementing regulations were issued during the year to provide more guidance on the requirements on the export of minerals.
In mid 2012, the Indonesian Nickel Association filed a judicial review to the Supreme Court against the restrictions imposed in Reg-7. A decision was issued in September, where the Supreme Court revoked several Articles in Reg-7 (being Articles 8(3), 9(3), 10(1) and 21). The exact details of the relevant decision however have not been made publicly available by the Supreme Court to date.
The first three articles that were revoked (i.e. Articles 8(3), 9(3) and 10(1)) mainly dealt with the requirement for approval from the Director General of Minerals and Coal (“DGMC”) in respect of “cooperation” for minerals processing and the need for consultation with the DGMC if the project is not economic or cooperation is not viable.
Article 21 dealt with the export ban on raw minerals and ore with effect from 6 May 2012. With the revocation of this article, the export ban is effectively lifted but it appears that the other requirements in relation to the export of raw minerals and ore are still in force (for example, the need for an export permit from the Ministry of Trade, an export “recommendation” from the DGMC and the payment of a 20% export duty).
In response to the above, the MoEMR is currently drafting a new regulation to govern this area. We will provide an update on the details of the Supreme Court decision, and the revised MoEMR regulation, in a future.
About Rita Susanto
Rita is a Manager with PwC Indonesia. She has been providing various tax services to multinational and domestic companies, focusing on the Energy Utilities and Mining sector. She 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 Rita at rita.susanto@id.pwc.com
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Tuesday, 15 January 13
GRANT SMITH APPOINTED GROUP MANAGING DIRECTOR OF BRAEMAR ADJUSTING
The Board of Braemar Adjusting is delighted to announce the appointment of Grant Smith as Group Managing Director of the company with immediate effe ...
Tuesday, 15 January 13
2ND MYANMAR MINING SUMMIT & OFFICIAL HOST MINISTRY OF MINES TO WELCOME OVER 200 DELEGATES NEXT WEEK
Press Release: The Ministry of Mines is hosting the 2nd Myanmar Mining Summit in Yangon on 21-24 January to unravel the local mining climate, prospe ...
Monday, 14 January 13
NEWCASTLE PORT SHIPPED 2.32 PERCENT LESS COAL W/E 14 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 3,123,312 MT of thermal and coking coal for week ended 0700 hours 14 January 2013, Newca ...
Monday, 14 January 13
THE COAL MONGOLIA - 2013 OFFICIALLY IN COOPERATION WITH TOP MINING COMPANIES
Press Release: Mongolian first mining portal site Mining.mn has already started its preparation of the International Conference “COAL MONGOLIA ...
Monday, 14 January 13
NTPC INVITES BIDS FOR 500K MT OF IMPORTED COAL
COALspot.com - NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company called for a ...
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- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Parliament of New Zealand
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- MS Steel International - UAE
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Australian Coal Association
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Planning Commission, India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
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