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Wednesday, 05 August 20
NO NEW MINING LICENSES - A REMINDER TO GOVERNORS IN INDONESIA - SSEK
 Indonesia’s acting Director General of Mining and Coal (“DGMC”) has issued a letter to the country’s provincial Governors to emphasize that the moratorium on the issuance of new mining licenses is still in place.
DGMC letter No. 809/30.01/DJB/2020 (“DGMC Letter 809/2020”), issued July 9, 2020, emphasizes the transitional provision of Article 173C of Law No. 3 of 2020 regarding Amendment to Law No. 4 of 2009 regarding Mineral and Coal Mining (“Law 3/2020”). Article 173C of Law 3/2020 contemplates a moratorium on the issuance of new mining licenses by both the Minister of Energy and Mineral Resources and Governors.
This new letter is subsequent to DGMC letter No. 742/30.01/DJB/2020 dated June 18, 2020 (“DGMC Letter 742/2020”), which also serves to emphasize the transitional provision of Article 173C of Law 3/2020 and contains similar provisions to DGMC Letter 809/2020. That earlier letter stipulated as follows:
1. Governors shall not issue new mining licenses (for mineral and coal mining) for six months as of June 10, 2020, the date Law 3/2020 was promulgated, or until the implementing regulations for Law 3/2020 are issued.
2. Governors may, however, continue to process, according to their legal authority, licensing and non-licensing applications submitted by holders of existing mining licenses, limited to:
a. conversion of mining business license (izin usaha pertambangan or “IUP”) for exploration to an IUP for Production Operation;
b. extension of existing licenses, including extension of IUP for Production Operation specifically for transportation and sales;
c. adjustment of existing licenses due to change of capital investment status;
d. approval and recommendation related to the exercise of supervisory and advisory functions for mineral and coal mining business activities, such as approval of annual workplan and budget, approval of Chief Mine Officer (Kepala Teknik Tambang) and/or Deputy Chief Mine Officer (Wakil Kepala Teknik Tambang), approval of blasting permit (Kartu Izin Meledakkan), and approval of storage for explosives.
In DGMC Letter 742/2020, the acting DGMC further states that Governors shall not process applications submitted to Governors prior to June 10, 2020, which licenses based on such applications have not been issued.
DGMC Letter 809/2020 and DGMC Letter 742/2020 were issued to implement the provisions of Article 173C of Law 3/2020.
It is worth noting that Article 35 (i) and (iv) of Law 3/2020 shifts the mining license issuing authority to the central government pending the issuance of regulations delegating such authority to regional governments. It remains to be seen what the consequence will be, if any, for the mining license moratorium if the six months lapse and no implementing regulations for Law 3/2020 are issued.
This publication is intended for informational purposes only and does not constitute legal advice. Any reliance on the material contained herein is at the user’s own risk. You should contact a lawyer in your jurisdiction if you require legal advice. All SSEK publications are copyrighted and may not be reproduced without the express written consent of SSEK.
If you believe an article violates your rights or the rights of others, please contact us.
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Friday, 07 August 20
PEABODY'S $1.42 BILLION WRITE-DOWN CONCEDES COAL MINES HAVE LITTLE VALUE AND DIM FUTURE - IEEFA
Trouble at biggest mine in Powder River Basin speaks volumes about state of industry
Peabody Energy, the world’s largest priva ...
Thursday, 06 August 20
SUPRAMAX MARKET CONTINUED SIDEWAYS TREND, AND LITTLE INSPIRING NEWS APPEAR - FEARNLEYS
Capesize
There is presently a small correction in rates, but overall levels are up from previous week mainly due to increased demand in the Eas ...
Thursday, 06 August 20
KOREA SOUTH-EAST POWER INVITING BIDS FOR MIN 3,600-MAX 3,800 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) inviting bids for 80,000 Tons (MT) Min 3,600~Max 3,800 kcal/kg NCV coal f ...
Wednesday, 05 August 20
AUGUST 2020 HBA HITTING ITS LOWEST LEVELS IN HISTORY
COALspot.com: The Indonesia Coal Price Reference for the month of August plunged 30.73% YoY, hitting its lowest levels in history and highlighting ...
Wednesday, 05 August 20
SLUMP IN OIL REVENUE CHALLENGES MIDDLE EAST OIL EXPORTERS - INTERMODAL
The Covid-19 pandemic has had far-reaching consequences on the global capital markets. Despite the US government’s efforts for a quick and de ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Minerals Council of Australia
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- The University of Queensland
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Planning Commission, India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Economic Council, Georgia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
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