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Monday, 25 January 10
MINING GROUPS MAY SEEK JUDICIAL REVIEW OF 2009 LAW
.jpg) Indonesia’s mining associations said on Wednesday that they planned to seek a judicial review of the 2009 Mining Law this year if they are unable to reach a solution with the government.
The law’s implementing decree seeks to limit the work that mining companies can outsource to companies not approved by the government and which may not take environmental and other obligations as seriously.
In October, the industry associations said they were confused about the decree and were in talks with government officials. Susanto Joseph, executive director of the Indonesian Mining Services Association, said at the time that the law could lead to a $750 million decline in mining industry revenue this year.
However, those talks have yet to bear fruit.
“We’re currently studying our options regarding the law,” Priyo Pribadi Soemarno, executive director of the Indonesian Mining Association, said on Wednesday. “If our latest discussion with the government doesn’t go anywhere then I think we could ask for a judicial review.”
Article 8 of the implementing decree, states that the mining concession holder is prohibited from using affiliated companies for any service work unless it gets approval from the Energy Ministry.
It means a company like PT Bumi Resources would have to divest its contractor subsidiary, PT Dharma Henwa, if it doesn’t get approval.
| “The holder of a mining concession or special mining concession must itself perform mining, processing, and refining work” |
Article 10, which states that “the holder of a mining concession or special mining concession must itself perform mining, processing, and refining work,” is particularly problematic, because much of this work is carried out by contractors.
Article 5 states that contracting work must be given to domestic companies for a first right of refusal before foreign companies can be involved.
Bob Kamandanu, chairman of the Indonesian Coal Producers Association (APBI), said mining companies had found some loopholes in the decree.
“On affiliation, I think it can be arranged as the ownership of the affiliated company could be exchanged on paper but the owner could still be the same.” Bob said.
“It creates a headache for us because we have to think of how to overcome the regulation. I prefer the old regulation and I hope there should be some revision of the decree,” he said.
Source: The Jakarta Globe
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Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
Saturday, 06 February 10
COAL MINISTRY SEEKS CUT IN IMPORT DUTY
The coal ministry wants the finance ministry to reduce the 5.1% import duty on thermal coal and continue with the existing zero import duty on cokin ...
Friday, 05 February 10
IN 2010, CHINA COAL OUTPUT TO REACH AROUND 3.3BLN T
It is expected that China's coal production in 2010 will reach around 3.3bln tons. It is predicted that in the first quarter of 2010, the tight coa ...
Thursday, 04 February 10
INDIA REMAINS FIRM - FEARNRESEARCH
CHARTERING - DRY BULK
Handy
The BSI has continued it´s downward movement for 2 weeks now.Nevertheless activity in the atlantic remains bu ...
Thursday, 04 February 10
INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
IPFA TO JOIN INF ...
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- Mjunction Services Limited - India
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- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
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- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Electricity Authority, New Zealand
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- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
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- Global Business Power Corporation, Philippines
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- Global Coal Blending Company Limited - Australia
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- Indogreen Group - Indonesia
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- CIMB Investment Bank - Malaysia
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- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Economic Council, Georgia
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
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- Minerals Council of Australia
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
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- Sinarmas Energy and Mining - Indonesia
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- Planning Commission, India
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- Ministry of Transport, Egypt
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- Australian Commodity Traders Exchange
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- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
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- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
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- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
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- Commonwealth Bank - Australia
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- Thai Mozambique Logistica
- PTC India Limited - India
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- Directorate General of MIneral and Coal - Indonesia
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- Renaissance Capital - South Africa
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- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
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- Krishnapatnam Port Company Ltd. - India
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- South Luzon Thermal Energy Corporation
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- Thiess Contractors Indonesia
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- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
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- The University of Queensland
- Power Finance Corporation Ltd., India
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- Sical Logistics Limited - India
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- Videocon Industries ltd - India
- Eastern Energy - Thailand
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