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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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Thursday, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
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- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
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