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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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Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
Wednesday, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...
Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...
Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter"
The Decembe ...
Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...
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- Ambuja Cements Ltd - India
- ASAPP Information Group - India
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- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
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- Australian Coal Association
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
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- Merrill Lynch Commodities Europe
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- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
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- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
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- Commonwealth Bank - Australia
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- Global Green Power PLC Corporation, Philippines
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- London Commodity Brokers - England
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- Meralco Power Generation, Philippines
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- Economic Council, Georgia
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- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Mintek Dendrill Indonesia
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- Minerals Council of Australia
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- Wilmar Investment Holdings
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- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
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- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Price Waterhouse Coopers - Russia
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- Kepco SPC Power Corporation, Philippines
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- Bulk Trading Sa - Switzerland
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- Independent Power Producers Association of India
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- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
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- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
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- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
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- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
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- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
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- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
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- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
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- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
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- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
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- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
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- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
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- Planning Commission, India
- Therma Luzon, Inc, Philippines
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- Africa Commodities Group - South Africa
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- Ind-Barath Power Infra Limited - India
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- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
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- Marubeni Corporation - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Alfred C Toepfer International GmbH - Germany
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