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Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
.jpg) A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the country’s power plants when the law’s implementing regulations come into effect in April, the Indonesian Coal Producers Association warned on Monday.
Bob Kamandanu, chairman of the association, also known as the APBI, said its members stood to lose at least $3.2 billion this year, based on last year’s average coal price of $50 per ton, and that total production would decline by 25 percent. He said the law would force many operators to shut down because their permits would not be extended, while existing ones could be revoked.
However, Deputy Minister of Public Works Hermanto Dardak told the Jakarta Globe that any mining companies that have been operating according to existing regulations should have nothing to worry about.
“I think the new law is ideal for the country as Indonesia still experiences many violations of spatial zoning,” Hermanto said. “If a mining company has just realized they’re committing activities that violate the zoning law, then they should talk with the local governments and the Forestry Ministry to determine what needs to be done to adjust to the regulation.”
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“The law is retroactive. Therefore, it could cause a massive negative impact on the industry as more than 90 percent of its operations are in forested areas” - Chairman, ICMA
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The 2007 zoning law was initiated by the Public Works Ministry to create a more comprehensive zoning system governing land use in the country. It prohibits coal mining in some forested areas.
However, coal producers said they were unaware of the law’s existence until December, when their applications for extensions of their land-use permits began to be stalled or rejected.
“[The law] is retroactive. Therefore, it could cause a massive negative impact on the industry as more than 90 percent of its operations are in forested areas,” Bob said.
The APBI also claimed that the law has created confusion at the Forestry Ministry, resulting in a general reluctance to issue any permits because of fears that the issuers could face criminal prosecution if they inadvertently violated the zoning regulation.
The Energy Ministry confirmed last week that operations at the Jorong coal mine in South Kalimantan owned by PT Indo Tambangraya Mega, the country’s fourth-biggest coal miner, had been shut down by police because the company lacked the proper land-use permit.
“A unit of PT Tambang Batubara Bukit Asam, PT Bukit Kendi, has also been closed due to the same problem,” Bob said, adding that other companies had received notice that they should be prepared to shut their operations at some mines if their permits were not approved.
“The association and its members are currently seeking legal advisers to know whether the coal companies could operate within the law or not. We will seek a judicial review with the Constitutional Court if we can’t work under the law,” Bob said.
Indonesia, Asia’s biggest exporter of coal, is expected to produce 280 million tons this year, a 12 percent increase from last year. Coal exports in 2009 totaled $14.85 billion.
Source: The Jakarta Globe
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Wednesday, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...
Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
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- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
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- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
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- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
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- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
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- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
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- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Parliament of New Zealand
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- Directorate General of MIneral and Coal - Indonesia
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- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
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- Thiess Contractors Indonesia
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- Chettinad Cement Corporation Ltd - India
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- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Thai Mozambique Logistica
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- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Central Electricity Authority - India
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- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
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- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
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- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
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- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
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- SMC Global Power, Philippines
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- Wilmar Investment Holdings
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- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
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- Ceylon Electricity Board - Sri Lanka
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