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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 $1,81-billion in 2009, supported by greater certainty after the introduction of new mining regulations.
Source: Reuters / Mining Weekly
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Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
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- Ministry of Finance - Indonesia
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- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
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- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- MS Steel International - UAE
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
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- New Zealand Coal & Carbon
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- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
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- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
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- White Energy Company Limited
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- Bhushan Steel Limited - India
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- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Australian Coal Association
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- Minerals Council of Australia
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- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
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- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
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- Mjunction Services Limited - India
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- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
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- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
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- Agrawal Coal Company - India
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- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
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- Parry Sugars Refinery, India
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- Metalloyd Limited - United Kingdom
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- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
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- Samtan Co., Ltd - South Korea
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
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- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
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- Indian Oil Corporation Limited
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- CNBM International Corporation - China
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- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- The University of Queensland
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- Independent Power Producers Association of India
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- Leighton Contractors Pty Ltd - Australia
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