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Wednesday, 11 December 13
THE INDONESIAN GOVERNMENT IS CONSIDERING SETTING A REGULATION ON THE MINIMUM PURITY TO REGULATE UNPROCESSED ORE BAN
 COALspot.com: Energy and Mineral Resources Minister Jero Wacik recently proposed to house those mining (mineral) companies that had shown a commitment to build smelters ought to be exempted from the upcoming export ban on raw ore. However the proposal was rejected by house member of commission VII who is overseeing energy ministry. According to majority of members of commission VII, the mining companies had already been given more than four years to comply with the requirement; hence the export ban has to be implemented fully by 12 January 2014.
In the meantime, according to circular No. 04/M-DAG/ED/12/203 dated 9 December posted on minerba's website, says that the unprocessed ore export will be allowed until 12 January 2014. The circular was signed by Bachrul Chairi, the director general for foreign trade of Trade Ministry of Indonesia. It is mean, no unprocessed ore exports will be allowed after 12 January 2014.
However the industry players says, most of the country’s miners including large scale miners would be unable to comply with the law, which only allows the export of ore that has first been processed in domestic smelters beginning January 12' 2014. Constructing a smelter and a power plant are requiring a huge amount of fund, time and certainty of raw material supply.
As quoted by a local news paper, the government is still seeking a way, without breaking the law, to allow mining companies that have concrete plans to build smelters to still be able to export their ore.
Ali Mardi, partner of Pricewaterhouse coopers says, during PWC's Mining Breakfast Technical Update, today, MoEMR regulation No.7/2012 and its amendments governs in-country mineral processinghas been revoked by country's Supreme court recently, this mean there are currently no rules to implement the in-country processing requirements, but the mining law is still in force to ban the export.
In the meantime, the Trade Ministry’s director general for foreign trade, Bachrul Chairi, said Tuesday that the government was considering setting a regulation on the minimum purity threshold for processed ore produced by local mining companies, as quoted by the Jakarta post.
Country's mining sector particularly ore miners and exporters are awaiting a clear guidance or regulation from the government on unprocessed ore export ban by 12 January 2014, The planned raw ore export ban at the start of the new year, but government has yet to offer a concrete implementation statement.
Marwan Batubara of Indonesian Resources Studies (IRESS) said firmer official statements were necessary to give certainty to the market about the implementation of the mining law, as quoted by JP yesterday.
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Monday, 13 January 14
INDONESIAN ORE BAN TO HAVE LIMITED IMPACT ON CHINESE ALUMINIUM PRODUCERS, FITCH RATINGS SAYS
COALspot.com: Fitch Ratings says today that Indonesia's ban on exports of unprocessed mineral ore will have limited impact on Chinese aluminium pro ...
Sunday, 12 January 14
THE FREIGHT MARKET CONTINUE TO REMAIN WEAK NEXT WEEK - SOLYM CARRIERS
Wish You A very Happy New Year
COALspot.com: The market has dropped quite a lot as expected due to holidays and probably also the effect of ban o ...
Friday, 10 January 14
DECISION ON ORE EXPORT BAN WILL BE MADE TOMORROW: INDUSTRY MINISTER, JG SAYS
Industry Minister M.S. Hidayat dismissed reports on Thursday that the government had made a decision on the matter. “We will only make a decis ...
Friday, 10 January 14
US COAL PRODUCTION UP 5.8% ON WEEK IN WEEK ENDED SATURDAY 4 JANUARY
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...
Thursday, 09 January 14
THE INDONESIAN GOVERNMENT EASES ORE EXPORT BAN
COALspot.com: The Indonesian government has finally agreed to ease the ore-export ban just a few days before the Sunday deadline amid protests from ...
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- CIMB Investment Bank - Malaysia
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- OPG Power Generation Pvt Ltd - India
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- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
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- India Bulls Power Limited - India
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- International Coal Ventures Pvt Ltd - India
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- Australian Coal Association
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- Eastern Coal Council - USA
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- Bangladesh Power Developement Board
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- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
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- Energy Link Ltd, New Zealand
- Parliament of New Zealand
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- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
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- Indian Oil Corporation Limited
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- Global Business Power Corporation, Philippines
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- Mjunction Services Limited - India
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- White Energy Company Limited
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- Coal and Oil Company - UAE
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- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Videocon Industries ltd - India
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- Savvy Resources Ltd - HongKong
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- Chamber of Mines of South Africa
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- McConnell Dowell - Australia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Renaissance Capital - South Africa
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- Indonesian Coal Mining Association
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- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
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- Economic Council, Georgia
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- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
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- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
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- Xindia Steels Limited - India
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- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
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- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
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- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
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