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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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Monday, 20 April 09
PT PAMAPERSADA SEES ITS REVENUE TO CLIMB BY 20% IN 2009 - STEELGURU
PT Pamapersada Nusantara, a unit of Indonesia's PT United Tractors, said that its 2009 profit will be similar to last year, even as it forecasts re ...
Monday, 20 April 09
NIPPON STEEL SEMI-SOFT COAL PRICE SAID TO DROP 67% - BLOOMBERG
Nippon Steel Corp., Japan’s largest mill, will pay up to 67 percent less for semi-soft coking coal this fiscal year, two industry executives w ...
Monday, 20 April 09
INTERNATIONAL INVESTORS SEEK TO SELL ADARO STAKES - MONEY.CNN
Some international investors in PT Adaro Energy ( ADRO.JK) have approached other companies to sell around a combined 17% stake in the coal miner via ...
Friday, 17 April 09
BHATIA COAL INDIA, VITOL IN DISPUTE - COAL JUNCTION
Bhatia Coal India, a subsidiary of the Bhatia International Group, terminated a coal supply contract with traders Vitol and has initiated arbitratio ...
Friday, 17 April 09
JSW TO BUY THERMAL COAL MINE IN AFRICA
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tons, to min ...
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Showing 6806 to 6810 news of total 6871 |
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- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
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