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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 in a bid to expand local capacity.
The regulation is part of the enactment of the new mining law, M.S Marpaung, a technical and environmental director for minerals, coal and geothermal at the ministry told members of Indonesian Mining Services Association (Aspindo) on Wednesday.
The Energy and Mineral Resources Minister’s new regulation, which took effect on Sept. 30, requires mining license holders to make more use of local service companies.
The firms can only use foreign-owned service companies after they have announced tenders through the mass media, when no local companies are technically and financially capable of doing the work.
The regulation applies now to companies jointly owned by domestic and foreign investors operating under the new mining license regime, while those under the old working contract regime are a given three-year transition period.
The regulation stipulates that appointed foreign-owned service companies must outsource part of the work to local service companies.
“Outsourced jobs must be part of core activities,” Marpaung said.
He added that the regulation aimed at helping the country to benefit more from the mining sector. “To get a bigger slice from the sector, we must develop the peripheral parts of the sector,” he said.
Aspindo has 120 mining service companies as members and 90 percent are domestic firms, including big national companies operating as miner contractors including PT Pama Persada Nusantara (PAMA), PT Bukit Makmur Mandiri Utama, PT Saptaindra Sejati (SIS), PT Cipta Kridatama, and PT Darma Henwa.
The foreign-controlled companies include Thiess Contractors, PT Petrosea, and Leighton.
Aspindo’s chairman Tjahjono Imawan said the regulation was positive, especially for domestic companies. “In general, the regulation gives a legal basis for service companies’ activities. For the domestic companies, the regulation will give more opportunities,” he said.
Nur Hardono, head of sub directorate for minerals, coal, and geothermal supporting businesses at the ministry, said the regulation was the legal basis for mining service activities given the new mining law.
The new regulation should give clarity to government institutions and law enforcement agents in safeguarding the implementation of the law, he said. Nur said recently PT Timah had problems with the police in Bangka Belitung due to a misinterpretation of the law.
“Without detailed explanation, this may create misunderstandings as this can make the service companies’ activities appear to be illegal,” Nur said.
Source: The Jakarta Post
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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- The University of Queensland
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
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