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Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
 The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the development of $10 billion worth of projects that have been stalled because of the slow legislation.
The detailed guidelines governing mining concessions were signed by President Susilo Bambang Yudhoyono and are retroactive to Feb. 1. Investors had long been waiting on the regulations to resolve questions over the validity of their existing contracts of work (KK).
“We will honor the existing contracts,” said Bambang Gatot Ariyono, director of coal and minerals at the Energy Ministry.
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“We will honor the existing contracts” - Bambang Gatot Ariyono”
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The Indonesian Mining Association said at the end of last year that $10 billion worth of mining projects were stalled because of the government’s slow pace in issuing the regulations.
The regulations state that existing contracts will not be subject to changes in the new Mining Law.
Article 39 of regulation No. 22/2010 stipulates the smaller existing mining areas will be known as mining business permit territories (WIUP) within three months. However, Bambang said the shift in terms from mining areas to WIUP did not mean they would be affected by the new law.
Larger, existing mining concessions will be called mining business areas (WUP) within three months. The new Mining Law sets limits on exploration, production and size of concession, but WUP and WIUP holders are not subject to the restrictions.
The other regulation, No. 23/2010, states that the government must honor existing KK and mining concessions (KP) until the contracts expire. KK contracts are long-term deals signed with the central government guaranteeing lengths of 25 years and upward. KP are shorter duration contracts.
Both systems are being phased out in favor of mining business permits (IUP), which will further restrict the durations of contracts and areas of
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“The regulation No. 23/2010, states that the government must honor existing KK and mining concessions (KP) until the contracts expire”
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concessions.
According to the Energy Ministry, there are 8,020 applications for IUPs.
“We hope with the regulations release, the investors will start their projects soon,” Bambang said.
However, the IMA was wary of the regulations, saying it needed to study them further.
“We’re still unsure on how it will be implemented,” said Priyo Pribadi Soemarno, IMA’s executive director.
The stalled projects include a $4 billion nickel project by Rio Tinto, a $2 billion nickel project by Eramet, a $500 million zinc and black tin project by Dairy Prima, a $500 million gold project by Meares Soputan, and three PT Aneka Tambang projects — a $1 billion hydrometallurgy project, a $320 million ferronickel project and a $220 million chemical grade alumunia project.
Source: The Jakarta Globe
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Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
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- Thai Mozambique Logistica
- London Commodity Brokers - England
- Planning Commission, India
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
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