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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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Sunday, 17 January 10
THE FUTURES FOR THREE YEARS (2010 - 2012) FIRMED UP - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market was a bit mixed with BDI up by about 159 points and closed at 3,299 points.
BDI
The cape index cont ...
Sunday, 17 January 10
NTPC TO DOUBLE CAPACITY BY 2017
NTPC, which will launch its follow-on public offer on February 3, plans to more than double its generating capacity to over 70,000 mega watts by 201 ...
Saturday, 16 January 10
HANDY CONTINUED FIRM CONDITIONS FOR MARKET IN THE ATLANTIC
HANDY
Continued firm conditions for the Handymax / Smax market in the Atlantic with the BSI having a continued upwards momentum. US$ 45,000 ac ...
Friday, 15 January 10
INDONESIA COAL - HEAVY RAINS HAVE LITTLE IMPACT ON COAL OUTPUT
Coal shipments from Indonesia's main coal-producing area are unlikely to be hit by heavy rains during January-February as many miners are prepared ...
Friday, 15 January 10
GOVT BRINGS IN DOMESTIC COAL MARKET OBLIGATION
The Energy and Mineral Resources Ministry has issued a ministerial decree requiring producers of coal and other minerals to allocate a proportion ...
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- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- White Energy Company Limited
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- CNBM International Corporation - China
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