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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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Friday, 15 January 10
ADARO INDONESIA STILL TOPS IN INDONESIAN COAL EXPORT RANKING
COALspot.com (Indonesia): PT. Adaro Indonesia, the world first Envirocoal producer and Indonesia's second largest thermal coal producer is top coal ...
Friday, 15 January 10
NTPC TO ADD 6,000 MW EACH YEAR IN 12TH PLAN
Will raise total generation capacity to 75,000 Mw by 2017, up from 30,644 Mw at present.
India's largest power generator NTPC, which will launch ...
Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG
Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the s ...
Friday, 15 January 10
CHINA POWER FIRMS SEEK COAL IMPORTS, SUPPLY SCARCE
China's coal-hungry power plants have turned to imported coal to cope with widespread shortages, but spot supply is scarce, traders said on Thursda ...
Thursday, 14 January 10
INDONESIA POWER REDUCES COAL SUPPLY
PT Indonesia Power will reduce coal supplies from PT Tambang Batu Bara Bukit Asam to its Suralaya Power Plant. "The coal supply for the plant s ...
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- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- VISA Power Limited - India
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
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