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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 prioritize national interests without setting aside the interests of investors. Issuance of these laws is aimed at providing certainty and as a corridor for foreign investors in Indonesia.
Five laws which were issued after 2000 covers Oil and Gas, Geothermal, Energy, Mineral and Coal, and Electricity. While opening “The Energy & Mining Indonesia Series 2009” on Wednesday (14/10), The Minister of Energy and Mineral Resources stated that the five laws will provide a foundation for future energy and mineral resource sector policies. The government is responsible for providing policies, regulations, and carrying out supervisions.
Regarding questions from several individuals that the laws will put aside the national and investor’s interests, the Minister explains that regulations based on these laws shall be investor-friendly while aiming to increase the prosperity of Indonesians. Furthermore, there isn’t a single regulation which discriminates foreign investors from their domestic counterparts. “We treat both foreign and domestic investors exactly the same” explains the Minister.
On questions regarding the Electricity Law, the Minister explains “the government would never alienate PLN. This law is needed by the sector and it isn’t for PLN” confirmed the Minister. Law which regulates PLN, Pertamina, and corporate is governed by the State Minister for State Owned Companies.(cs)
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Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
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- Samtan Co., Ltd - South Korea
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- CNBM International Corporation - China
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- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
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