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Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of production. The divestment process would be arranged to gradually reach a total sum of 20% by the end of the 9th year. The technical arrangement for the divestment scheme has been included in the government regulation draft (RPP in its Indonesian abbreviation) as an implementation of the new Mining Law (Law No.4/2009).
S. Witoro Soelarno, Secretary of the Directorate General of Mineral, Coal and Geothermal – Ministry of Energy and Mineral Resources, explained that the divestment’s percentage sum and timetable would also take the interest of the related mining companies into account.
Article 112, Section 1, of the Mining Law stipulated that after 5 years of production, Mining Permit (IUP in its Indonesian abbreviation) and Special Mining Permit (IUPK in its Indonesian abbreviation) owner, whose shares owned by foreigners, are obliged to divest their shares to national entities. The national entities referred to are including central government, local government, state owned enterprises (BUMN in its Indonesian abbreviation), province owned enterprises (BUMD in its Indonesian abbreviation), or national private enterprises.
Some has considered that the regulation might be a threat for investors, since the mining business is long term in nature and that it would require extra budget. If investors must divest their shares in just five years period, they might face a financial trouble because no one would guarantee the expected return for their business.
“The condition would certainly caused difficulties and hesitation for the investors to invest their capital,” M Fadhil Hasan, an economist from the Institute for Development of Economic and Finance (INDEF), asserted.
Nevertheless, Witoro argued that the government would arrange the divestment scheme in the best manner, through the government regulation draft that is currently being prepared.
Source: http://www.majalahtambang.com/detail_berita.php?category=15&newsnr=1404
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Saturday, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate u ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
Tuesday, 21 April 09
MITRA RAJASA TO ACQUIRE TWO MINING COMPANIES - THE JAKARTA POST
PT Mitra Rajasa Tbk plans to acquire PT Realita Jaya Mandiri and PT Masindo Artha Resources in South Sumatra, which are worth around US$40 million.
...
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- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- The University of Queensland
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Australian Coal Association
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