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Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
 The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the work contractors were allowed to perform for mining concessionaires, saying it failed to clearly explain what contractors could and could not do.
Industry representatives said that Article 10 of the Sept. 30 regulation, which provides that “the holder of a mining concession or special mining concession must itself perform mining, processing, and refining work,” was particularly problematic, as much of this work was currently carried out by contractors.
The regulation could cause problems for multinational contractors like PT Thiess Indonesia, a unit of Brisbane-based Thiess, which is employed as a mining contractor by PT Bumi Resources, Asia’s biggest thermal coal producer. Article 5 also provides that contracting work must be given to domestic companies for a first right of refusal before foreign companies could be involved.
A Thiess representative was not available for comment.
One analyst said that if the regulation was implemented to the letter, many contractors and concessionaires would find themselves in trouble, as they would have to radically reorganize their operations.
Sara K Loebis, corporate secretary of PT United Tractors, the country’s largest supplier of heavy equipment, said her company was also confused by the regulation.
“We’re unsure about the difference between ‘stripping,’ which the regulation allows us to do, and mining, which we are prohibited from doing, as it’s frequently very difficult to differentiate between the two,” she said. “Our legal team is currently studying the regulation.”
United Tractors is the parent of PT Pamapersada Nusantara, the country’s biggest mining contractor.
Alwinsyah Loebis, president director of PT Aneka Tambang, the state-owned gold and copper miner, said that his company’s legal department was also studying the regulation.
Dileep Srivastava, senior vice president of Bumi Resources, the country’s biggest coal producer and one of the Pamapersada’s main employers, said he was not aware of the regulation and would have to study it first before commenting.
When asked for clarification about whether mining contractors could continue to perform main mining work, Bambang Setiawan, the director general of coal, minerals and geothermal energy, gave an inconclusive response.
“I am not saying they can. As long as they follow all of the requirements in Article 10. What is the process of mining? It’s digging, stripping, blasting and transporting. I think that’s all clear enough. What more do they want?”
Edwin Sinaga, president director of brokerage PT Finacorporindo Nusa, said the new regulation was intended to prevent small, local government-issued concessions from being sold to contractors, which was already a widespread practice here.
Source: The Jakarta Globe
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Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
Thursday, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
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- Electricity Authority, New Zealand
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- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Planning Commission, India
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- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
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- Central Java Power - Indonesia
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- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- ICICI Bank Limited - India
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- Straits Asia Resources Limited - Singapore
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- Heidelberg Cement - Germany
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- The Treasury - Australian Government
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- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
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- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Minerals Council of Australia
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- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
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- Bayan Resources Tbk. - Indonesia
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- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
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- Metalloyd Limited - United Kingdom
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- Maheswari Brothers Coal Limited - India
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- Neyveli Lignite Corporation Ltd, - India
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- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
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- Singapore Mercantile Exchange
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- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
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- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
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- Bhoruka Overseas - Indonesia
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- Posco Energy - South Korea
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- Economic Council, Georgia
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- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
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- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
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- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
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- Aboitiz Power Corporation - Philippines
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- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
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- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
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- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
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- Indogreen Group - Indonesia
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- Standard Chartered Bank - UAE
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