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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, 14 January 10
INDIANS RESUME S. AFRICA COAL BUYING AGAINST INDEX - REUTERS
Indian trade buyers have resumed buying of South African prompt coal cargoes after a two-month hiatus but are opting for index-linked pricing, hopin ...
Wednesday, 13 January 10
STEAMING COAL SUPPLY SPOT CONTRACT FOR TAEAN POWER PLANT
COALspot.com (South Korea): Korea Western Power Co., Ltd is looking for total 1.12 million tons of Bituminous Coal for TAEAN Power Plant.
Accord ...
Wednesday, 13 January 10
INDONESIA ISSUES COAL, METAL DECREE
Indonesia has issued a ministerial decree which requires metal and coal miners to set aside a certain amount of their production for domestic needs, ...
Wednesday, 13 January 10
RESTING TIME FOR INDONESIAN COAL LOADING VESSELS
COALspot.com (Indonesia): 11 - 15 vessels are waiting in anchorages of Muara Berau and Tanjung Pemancingan to load total about 700,000 – ...
Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
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- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- The University of Queensland
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
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