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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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Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
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 (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
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- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
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- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
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- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
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- Bhatia International Limited - India
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- Bukit Baiduri Energy - Indonesia
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- Edison Trading Spa - Italy
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- Bulk Trading Sa - Switzerland
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- Madhucon Powers Ltd - India
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- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
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- McConnell Dowell - Australia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- PTC India Limited - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
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- Salva Resources Pvt Ltd - India
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- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
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- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
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- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
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- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
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- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
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- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
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- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
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- Australian Coal Association
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- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- The University of Queensland
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Economic Council, Georgia
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- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Global Business Power Corporation, Philippines
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- Bharathi Cement Corporation - India
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