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Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certainty and help boost investment in the mining sector.
The new regulations - one covering mining areas and the other on mining business - should allow investors to obtain new mining permits and help speed up issuance for existing investors.
"The regulations were issued yesterday but will be applied retroactively from February 1," Bambang Gatot Ariyono, director of coal and mining business at the energy and mining ministry, told reporters.
"We issued them quickly because of concern about mining licensing," Ariyono said.
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“The regulations were issued yesterday but will be applied retroactively from February 1” - Director of Coal and Mining Business
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The government had stopped issuing new permits ahead of the introduction of the regulations.
Miners who had applied for a contract before a new mining law was passed in December 2008 will be able to continue their application.
The regulations will also allow the government to start tenders in mining areas.
Budi Irianto, a spokesman for the Indonesian unit of global miner Rio Tinto, said the issuance of the regulations could help the firm's nickel project obtain a long-awaited mining permit.
"We have submitted an application for a mining licence. With the new regulations out, we hope we can get the licence this year," Irianto said.
Rio Tinto launched an application for a mining contract of work - a type of mining licence under the previous mining law - in 1999 for its $2 billion nickel project on Sulawesi island.
But when the new coal and mining law was passed the firm was required to apply for a shorter-term mining permit.
The Sulawesi nickel project is expected to have a capacity of 46 000 t/y.
The government awarded the last contract of work to Australia's Indo Mines for its pig iron project in November 2008, a month before the new mining law was passed in December.
Indo Mines was also the first mining firm to sign a mining contract for a decade.
Southeast Asia's largest economy has struggled to lure foreign investment into mining in recent years, compounded by some politicians taking a nationalist line on resource exploitation and also because of uncertainty over regulations tied to a new mining law passed in 2008.
The government has said it expected mining investment to hit $2,5-billion next year, up from $1,81-billion in 2009, supported by greater certainty after the introduction of new mining regulations.
Source: Reuters / Mining Weekly
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Monday, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small ...
Sunday, 18 April 10
GOVT FORMS PANEL FOR RS 12,000-CR (US$ 2.711 BILLION) COAL INDIA IPO - ECONOMIC TIMES
Economic Times reported that, the government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore (US$ 2.711 billion) ...
Sunday, 18 April 10
THE FUTURES FOR THREE YEARS (2010-2012) FOR PANAMAX WAS AT AROUND US$ 21500 PER DAY - VISTAAR
COALspot.com: The BDI indices up by 3.30 pct and overall market continued to be firm except for India to Fareast.
“The cape index for the f ...
Saturday, 17 April 10
DRY BULK SHIPPING MARKET ANALYSIS - BIMCO
Strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet Demand: The first quarter of 2010 saw up ...
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much hig ...
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- Star Paper Mills Limited - India
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- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Minerals Council of Australia
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- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- PTC India Limited - India
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- Thai Mozambique Logistica
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- Orica Mining Services - Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
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- Trasteel International SA, Italy
- SMG Consultants - Indonesia
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- VISA Power Limited - India
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- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
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- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
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- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
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- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
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- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Parliament of New Zealand
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- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
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- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
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- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
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- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
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- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
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- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
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