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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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Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
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- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
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- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
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- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
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- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
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- White Energy Company Limited
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- Goldman Sachs - Singapore
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- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Australian Coal Association
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- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
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- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Parliament of New Zealand
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
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- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
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- MS Steel International - UAE
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- Ministry of Mines - Canada
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- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
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- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
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- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
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- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
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- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
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- PetroVietnam Power Coal Import and Supply Company
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- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
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- Sakthi Sugars Limited - India
- Minerals Council of Australia
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- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
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- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
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- SMG Consultants - Indonesia
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
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- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
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- European Bulk Services B.V. - Netherlands
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- Planning Commission, India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- London Commodity Brokers - England
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