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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 $1,81-billion in 2009, supported by greater certainty after the introduction of new mining regulations.
Source: Reuters / Mining Weekly
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Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
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- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
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- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
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- Trasteel International SA, Italy
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- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Parliament of New Zealand
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- Latin American Coal - Colombia
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- Energy Link Ltd, New Zealand
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- New Zealand Coal & Carbon
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- Mintek Dendrill Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Toyota Tsusho Corporation, Japan
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- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Minerals Council of Australia
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
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- Metalloyd Limited - United Kingdom
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- Simpson Spence & Young - Indonesia
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- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
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- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
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- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
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