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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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- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
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- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
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- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
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- The University of Queensland
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
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- Sical Logistics Limited - India
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- Ministry of Mines - Canada
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- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
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- Indogreen Group - Indonesia
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- Electricity Authority, New Zealand
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- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
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- PowerSource Philippines DevCo
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- Heidelberg Cement - Germany
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- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Deloitte Consulting - India
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- Attock Cement Pakistan Limited
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Australian Coal Association
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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- San Jose City I Power Corp, Philippines
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- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
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- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
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- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
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- Planning Commission, India
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
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- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Aditya Birla Group - India
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
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- Metalloyd Limited - United Kingdom
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- AsiaOL BioFuels Corp., Philippines
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