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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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Thursday, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
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Showing 6046 to 6050 news of total 6871 |
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- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
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- Barasentosa Lestari - Indonesia
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- Chamber of Mines of South Africa
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- Australian Coal Association
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- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
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- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
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- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
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- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- The Treasury - Australian Government
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- Gujarat Mineral Development Corp Ltd - India
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- The State Trading Corporation of India Ltd
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- Planning Commission, India
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- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Indogreen Group - Indonesia
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- Savvy Resources Ltd - HongKong
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- Parliament of New Zealand
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- Energy Development Corp, Philippines
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- Bulk Trading Sa - Switzerland
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- MS Steel International - UAE
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- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
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- Orica Australia Pty. Ltd.
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Timah Investasi Mineral - Indoneisa
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- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
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- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
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- Dalmia Cement Bharat India
- Interocean Group of Companies - India
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- CNBM International Corporation - China
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