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Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (DPRD) to the Ministry of Law and Human Rights.
"From our visit to the Ministry of Law and Human Rights on February 10, we found out that the Mineral and Coal Mining Act will be revised," said Babel DPRD chief Ismiryadi in Pangkalpinang, Sunday.
He said the Babel Council working visit to the Ministry of Law and Human Rights was aimed at conveying the aspirations of Babel tin miners who felt the law was against their interest.
"The mineral and coal mining law carried only general rules, such as mining areas and mining auctions, which does not accommodate the interest of tin miners," he said.
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"The mining law is only recommended to be revised, not revoked, since Babel and several other regions in Indonesia do not resort to a judicial review, as it will most likely revoke the law"
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The Babel council had discussed with the ministry the miners` complaints about the tin mines in their region, because some articles do not match the real situation in the area, Ismiryadi said.
"There are several articles in the mineral and coal mining law that are not implemented equally in the regions, namely Articles 22, 51, 52 and 54," he said.
He added, the ministry recommended that the result of the visit be submitted to the House of Representatives (Commission VII) and the Regional Council for immediate revision of the law.
"The mining law is only recommended to be revised, not revoked, since Babel and several other regions in Indonesia do not resort to a judicial review, as it will most likely revoke the law," he said.
He explained that there are articles in the law that are against public mining areas.
Source: Antara
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Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid&n ...
Thursday, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal p ...
Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its m ...
Wednesday, 28 April 10
DRY BULK MARKET
After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Ind ...
Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm ...
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