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Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
 The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugitive Agus Anwar, who was charged with misusing bailout funds his banks received during the 1997-98 Asian financial crisis.
“We are still evaluating the company’s proposal for changing its shareholder structure and management,” Bambang Setiawan, the ministry’s director general of minerals, coal and geothermal energy, told the Jakarta Globe on Sunday.
Agus, the owner of PT Bank Pelita and PT Instimarat, fled to avoid repaying $47.3 million in rescue funds to the Indonesian Bank Restructuring Agency.
A document received by the Jakarta Globe shows the Attorney General’s Office asked the Energy Ministry not to approve any shifting of the Pekanbaru-based Riau Baraharum’s assets. Although the document was sent from an unknown source, Bambang confirmed the accuracy of the letter.
According to the document, Agus is a major shareholder of Singapore-based company Shining Hope. The acknowledged owner of the miner is the Barki family, but Shining Hope’s reported use of Riau Baraharum as collateral for a debt issue throws this in doubt.
Early in March, the Corruption Eradication Commission asked the Finance Ministry to seize the miner’s assets should any evidence materialize that Agus held a stake in the company.
Bambang said Riau Baraharum had submitted a proposal for a new ownership structure, including Shining Hope, in February.
However, he said the AGO had already made a recommendation against the move in November 2008, effectively halting the process before it began.
Bambang said his office sent a letter to Riau Baraharum on Aug. 28 in which the proposal to change ownership was denied. “We recognize only the Barki family as owning Riau Baraharum.”
In response to speculation that the miner had already changed hands, Bambang reiterated that the Barki family controlled the miner and that the government would not pull its mining license based on rumors.
“There are no problems with the Barki family, so we will not take any action, including termination of its mining license,” he said.
Source: The Jakarta Globe
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Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
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- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Economic Council, Georgia
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Aditya Birla Group - India
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
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