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Monday, 28 June 21
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA THREATENS TO REVOKE 2,350 MINING BUSINESS PERMITS
 The Ministry of Energy and Mineral Resources said that the revocation of mining business permits was in accordance with President Jokowi's instructions.
The Ministry of Energy and Mineral Resources has threatened to revoke mining business permits that do not carry out any activities at all. At least 2,350 business licenses that do not carry out any activities out of 5,600 mining business licenses that exist today, said katadata, a local media in its report.
The report further noted that, special Staff of the Mineral Resources for Mineral and Coal - Mining Management of Minister of Energy Irwandy Arif said that according to the instructions of the President of Indonesia, mining companies that do not carry out activities will have their permits revoked.
The katadata’s report further said, initially, the President requested 1,600 mining business permits, holders of Mining Business Permits (IUP), Coal Mining Concession Work Agreements (PKP2B), and Contracts of Work (KK) to have their permits reviewed. However, after the Ministry of Energy and Mineral Resources conducted a number of evaluations, it turned out that those who did not carry out activities actually exceeded 1600 permits.
Currently, the government is still evaluating all the problematic mining permits. Those who cannot carry out the activities will have their permit revoked. "It turns out that it's not 1,600, in fact there are 2,300 or closer to 2350 permits," said Irwandy in a virtual discussion, Friday (25/6).
For information, mining permits are no longer the authority of local governments. In accordance with Law Number 3 of 2020 concerning Mineral and Coal Mining or the Minerba Law, the central government took over the authority to issue or revoke permits. It is hoped that the presence of the regulation will reduce the complicated licensing process. At the same time, the government also issued Law Number 11 of 2020 concerning Job Creation. This omnibus law will facilitate the implementation of the one-stop licensing process and online single submission (OSS). The government is currently working on its derivative regulations. One that is being formulated is the draft government regulation (RPP) on the implementation of business licensing in the regions. It will contain technical requirements for simplification of low and medium risk business activities.
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Wednesday, 12 May 21
MARKET INSIGHT - INTERMODAL
Tanker S&P is finally back!
For an extended period, Dry bulk & Wet market rates have been diverging, with the SnP deals on each sect ...
Monday, 10 May 21
PAKISTAN: COAL GASIFICATION AND LIQUEFACTION HARMFUL TO ECONOMY - IEEFA
There is no second life for coal
Pakistan’s intention to use coal for power production through gasification and liquefaction technologie ...
Sunday, 09 May 21
HERE'S WHY INVESTORS ARE POURING MONEY INTO COAL, DESPITE ITS BLEAK FUTURE - FORBES
Coal stocks have surged this year – along with the wider energy sector – but experts warn these are likely short-term gains for an indu ...
Sunday, 09 May 21
MAYBANK TO STOP COAL FINANCING - BERNAMA
Malayan Banking Bhd (Maybank) will stop financing new coal activities as part of its sustainable agenda.
Currently, coal financing m ...
Saturday, 08 May 21
LNG-TO-POWER INVESTORS IN THE PHILIPPINES RISK EXPOSURE TO $14 BILLION IN STRANDED ASSETS - IEEFA
High regulatory and financial uncertainty in the Philippines market
The race to develop liquified natural gas (LNG) facilities in th ...
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- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
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- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Minerals Council of Australia
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
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