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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Technical Update, today, MoEMR regulation No.7/2012 and its amendments governs in-country mineral processinghas been revoked by country's Supreme court recently, this mean there are currently no rules to implement the in-country processing requirements, but the mining law is still in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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Wednesday, 01 January 14
COAL & OIL TO SET UP ANOTHER 1,600 MW POWER PLANT IN INDIA - VENKATARAMANI
COALspot.com: Dubai-based Coal & Oil (C&O) Group is planning to make additional investment of around US$ 1.61 billion to set up 1,600 mega w ...
Wednesday, 01 January 14
DRY BULK CARRIER OWNERS ANTICIPATING AN EVEN STRONGER 2014 YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
To begin with, The Hellenic Shipping News Worldwide team would like to wish you all a Happy and Prosperous 2014! We begin the New Year with our firs ...
Tuesday, 31 December 13
INDONESIA'S COAL PRODUCTION COULD HIT 450 MMT IN 2014 - ICMA
COALspot.com: Indonesia, the fourth largest coal producer and largest coal exporter in the world, to increase coal output in year 2014 instead of th ...
Tuesday, 31 December 13
U.S. COAL PRODUCTION INCREASED WEEK ON WEEK, EIA SAYS
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.5 million short tons (mmst) of coal in ...
Tuesday, 31 December 13
MORE THAN $21 BILLION INVESTED IN SECOND HAND SHIP PURCHASES IN 2013
One thing that was apparent in the sale and purchasing markets during 2013 was the ship owners' larger appetite for vessel acquisitions, as most so ...
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- Semirara Mining Corp, Philippines
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- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
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- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
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- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
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- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
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- Intertek Mineral Services - Indonesia
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- Siam City Cement PLC, Thailand
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- European Bulk Services B.V. - Netherlands
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- Mjunction Services Limited - India
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- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
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- McConnell Dowell - Australia
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- Indonesian Coal Mining Association
- MS Steel International - UAE
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- Thiess Contractors Indonesia
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- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Parliament of New Zealand
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
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- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Planning Commission, India
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- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
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- GAC Shipping (India) Pvt Ltd
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- Merrill Lynch Commodities Europe
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- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
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- Australian Commodity Traders Exchange
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- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
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- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
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- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
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- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
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- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
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- Trasteel International SA, Italy
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