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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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Saturday, 22 December 12
DELTA DUNIA MAKMUR PRODUCED 3.2 MILLION TONS OF COAL IN NOVEMBER' 12
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 28.1 million bcm* (+1.8% YoY) of Overburden in November 2012 while coal production was at 3.2 ...
Friday, 21 December 12
JORC CODE, 2012 EDITION NOW FINALIZED
COALspot.com - The JORC Committee has announced that, the completion of the review of the JORC Code of 2012 Edition.
The JORC Code, 2012 Ed ...
Thursday, 20 December 12
COAL CLOSING IN ON OIL AS WORLD'S TOP ENERGY SOURCE BY 2017
COALspot.com - Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’ ...
Thursday, 20 December 12
CHINA'S IRON ORE AND COAL DEMAND WILL SHAPE THE CAPESIZE DRY BULK TRADE DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the best efforts from ship owners to help alleviate the current tonnage oversupply issue in the dry bulk segment, especially in the larger v ...
Tuesday, 18 December 12
NEWCASTLE PORT IN AUSTRALIA SHIPPED 20.19 PERCENT MORE COAL W/E 17 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 3,269,640 MT of thermal and coking coal for week ended 0700 hours 17 December 2012, Newc ...
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Showing 4456 to 4460 news of total 6871 |
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- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- The University of Queensland
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
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