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Thursday, 06 August 09
MINING PERMITS FOR THOSE COMMITTED TO SMELTER DEVELOPMENT ONLY
Tambang reported tht, Concrete and tangible endeavors are key to guarantee the attainment of added value from mining sector. The Indonesian Ministry of Industry had then called for mining permits to only be granted to investors who are willing to establish smelters and processing facilities domestically. I Gusti Putu Wiriyawan, the Ministry’s Director of Metal Industry stated that efforts should also be made to fend off a scarcity of mining areas, which are now heavily bossed by traders.
He was present at the Ministry for Energy and Mineral Resources on Tuesday, 4 August 2009 to address a discussion on the substance for a draft government regulation as an additional instrument for implementation of the mining law No. 4/2009 (RPP Minerba in its Indonesian acronym).
He mentioned that minerals from the country are exported as raw materials and imported back as processed goods, negatively affecting the competitiveness of Indonesia’s mined products. The new mining law should have aptly governed that mining permits (IUP and IUPK in Indonesian abbreviation) be only given to those willing to develop domestic processing industry. This would eventually lead to support a domestic market obligation (DMO) policy contained in a draft government regulation on mining business.
Mr. Wiriyawan took the example of India who only grant permits to companies who are able to mine and process their mined products. He then mentioned that some local iron ore and iron sand producers could also processed raw products into sponge already. “IUP and IUPK should be given to (companies like) them,” he stated.
He went on to inquire whether a regulation on export verification of mined products could also be included in the RPP Minerba to add to the quality of its legal base.
Source: Tambang
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Thursday, 23 July 09
COAL IMPORTS SURGE; EXPORTS DOWN IN H1
China Trade Information reported that, China’s coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 mill ...
Thursday, 23 July 09
SRI LANKA CALLS FOR COAL SUPPLY BIDS
Daily Mirro reported that, In a move to install the country’s first coal power plant, Sri Lanka has invited bids to supply 2.4 million metric ...
Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it chea ...
Wednesday, 22 July 09
BERAU COAL DRAWS LOCAL, CHINESE BIDS - SOURCES
* Indonesian coal firm draws local, Chinese bids-sources
* Deal could value Berau at more than $1 billion-sources
Reuters reported that, China' ...
Wednesday, 22 July 09
ONE TENDERS FOR 114,000 MT FOR NOV-JAN
Moroccan state-owned power utility Office National de l’Electricité (ONE) has launched a tender for three handymax shipments of coal fo ...
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- Latin American Coal - Colombia
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- Economic Council, Georgia
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- Africa Commodities Group - South Africa
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- Kaltim Prima Coal - Indonesia
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- London Commodity Brokers - England
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- Singapore Mercantile Exchange
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- Siam City Cement PLC, Thailand
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- Meralco Power Generation, Philippines
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