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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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Tuesday, 30 November 99
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Showing 6871 to 6871 news of total 6871 |
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- Eastern Coal Council - USA
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Carbofer General Trading SA - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Aditya Birla Group - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
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