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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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Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
Wednesday, 31 March 10
DRY BULK MARKET STILL MODERATELY FALLING, BUT POSITIVE SIGNS APPEAR ON THE HORIZON - HELLENIC SHIPPING
The irregularities of the current dry bulk market have been more than evident in the fact that panamax vessels today earn more than their larger cap ...
Wednesday, 31 March 10
INDIKA ENERGYS PROFIT HIT BY FOREX LOSS AND CABOTAGE - THE JAKARTA GLOBE
The Jakarta Globe reportd that, PT Indika Energy posted a 30 percent drop in 2009 net profit due to a foreign exchange loss and impairment of intang ...
Wednesday, 31 March 10
ITMG TO UP COAL OUTPUT DESPITE PERMIT PROBLEMS - THE JAKARTA POST
The Jakarta Post reported that, the country’s third largest coal producer PT Indo Tambang Raya Megah (ITMG) said it can raise output although ...
Tuesday, 30 March 10
ANALYST SEES BDI LIFT, SUGGESTS DRY BULK SHORT SQUEEZE
Analysts at Credit Suisse are bullish on Diana and see a potential short squeeze elsewhere in the sector. The Baltic Dry Index (BDI) -- an industry ...
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- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
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