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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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Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
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- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- PTC India Limited - India
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
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