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Monday, 25 January 10
INDONESIAN GOVERNMENT TO ISSUE REGULATION FOR IMPLEMENTATION OF MINERAL AND COAL MINING BUSINESS ACTIVITIES LAW NO.4 / 2009 SOON
 COALspot.com (Indonesia): The government regulation concerning implementation of mineral and coal mining business activities Law no.4 / 2009 is expecting to issue anytime in January / February 2010. The government will address coal benchmark price issues and share divestment issues in this upcoming regulation to attract more new investment in the mining sector. The government is planning also to issue 4 new regulations attached to the new mining and coal law in 2010.
SHARE DIVERSTMENT
Holders of IUP or IUPK whose 100% shares (hundred percent) are owned by foreigners, is obliged to divest at least 20% (twenty percent) their shares directly to the Government, local government, state enterprises, enterprises, or national private enterprise. A divestment shall be made not later than 90 (ninety) working days of the end of fifth year of production of mine. The Government, the regional governments, State-Owned Entities, and Region-owned Entities must submit their expression of interest within 60 (sixty) working days from the date of offer received.
If the Government and the Regional Governments are disinterested in the purchase of divested shares then, the shares shall be offered to national private entities within 30 (thirty) working days. Payment and delivery of the purchased shares by the Indonesian participants shall be made within 90 (ninety) working days of the date of expression of interest. If there is no party interested to buy offered shares within time frame then, divestment shall be made in the following year.
| "100% foreigners owned coal mines, are obliged to divest at least 20% of its shares to Indonesians end of 5th year of production" |
Ancillary provisions on share divestment shall be governed by Regulation of the Minister, which will be expecting to follow government regulation.
COAL BENCHMARK PRICE
The Minister of Energy and Mineral Resources, shall determine benchmark prices for coal. Any coal sale by IUP / IUPK holders, must obtain approval from the Minister prior to sales. Ancillary provisions on determination of benchmark coal prices shall be governed by separate ministerial regulation. IUP/IUPK holders also obligate to report to the Minister, the governors or the regents/mayors at least (1) once a month, accompanied by documents/conclusive proofs supporting their production and sales.
The report must includes selling prices, sales volume, quality of coal and supply point.
A benchmark steam (thermal) coal price shall be determined with reference to the average coal prices indexes published by internationally acknowledged institutions.
Benchmark coal prices shall be determined basis Free on Board (FOB) Mother vessel. If a delivery point of coal sale is not FOB Mother vessel, then coal prices must reflect benchmark price added with or deducted by adjustment of cost approved by the Minister. (cs)
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Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
Thursday, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
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- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
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- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
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- Cigading International Bulk Terminal - Indonesia
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- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
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- TeaM Sual Corporation - Philippines
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- Bangladesh Power Developement Board
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- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
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- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
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- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
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- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- The University of Queensland
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Aditya Birla Group - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
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