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Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent report by the Supreme Audit Agency (BPK) highlighting poor management of mining operations by some mining companies.
Bambang Setiawan, director general for coal, minerals and geothermal at the Energy and Mineral Resources Ministry, said Monday evening that the presidential regulation was important as it would bring new legal certainties to underground mining operations.
"This regulation will not violate the existing law *the Forestry Law*, which only forbids open-pit mining in forests, not underground mining," Bambang said.
Energy and Mineral Resources Ministry Purnomo Yusgiantoro said that underground mining might be very costly, but would be worth the investment. "No problems with the higher cost as long as it provides higher profits," Purnomo said.
He added several protected forest areas were predicted to contain high reserves of coal and minerals. "Take the example of forests in Kalimantan, *where* the areas are estimated to contain huge reserves of coal."
Purnomo and Bambang did not specify when the regulation would be issued, saying only that this was under the president's authority.
Separately BPK lambasted the management of some mining operations in its audit report on coal mining management during the 2006-2007 fiscal years.
It found as many as 212 cases of irregularities in coal mining management with potential state losses reaching Rp 2.69 trillion, along with another US$778.8 million, in total.
Losses reflected halts in reclamation collateral payments by 60 mining contract (KP) holders in Kutai, East Kalimantan; 30 KP holders in Tanah Laut, South Kalimantan; and Coal Contracts of Work (PKP2B) holders PT KJA and PT MSJ.
The total amount of the halted payments reached $3.18 million and Rp 127.25 billion in total, with BPK claiming this would burden state budgets if the contractors failed to fulfill their reclamation obligations.
The audit found that 61 KP holders and 5 PKP2B contract holders did not properly manage the top soil and overburden in open cast mining areas, which could cause landslides, or erosion and reduce soil fertility.
BPK said all these irregularities were caused by a combination of policy weaknesses along with non-compliance by mining companies.
In response, Bambang said that most of the irregularities were found in KPs that were issued by regional governments. "We are conducting an internal evaluation on the BPK's findings," he said.
Source: http://www.thejakartapost.com/news/2009/04/22/protected-forests-facing-underground-mining-threat.html
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Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
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- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- The University of Queensland
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
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