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