COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 18 May 11
OVERHAUL OF MINING LAW MAY DETER INVESTMENT, S&P SAYS - THE JAKARTA GLOBE


The Jakarta Globe, an Indonesian English language news paper reported that, A report by Standard & Poor’s Ratings Services that a regulatory overhaul of Indonesia’s mining industry would hurt companies’ performance received mixed reviews from industry players on Tuesday.

The report, “Indonesia’s Mining Law of 2009 and Subsequent Regulations: Unearthing the Impact,” explored how the law would affect companies in the country’s mining sector.

Credit analyst Xavier Jean said he did not anticipate any immediate implications for the rating of mining companies since Standard & Poor’s ratings already incorporated degrees of regulatory risk.

“Some regulatory provisions have direct implications for the revenue, profitability, capital expenditure and cash flow of mining companies in Indonesia,” Jean said. “Besides increasing operating uncertainty for Indonesian mining companies, we believe the new regulations may also make the industry less attractive to foreign investors.”

Increased operating costs, possible delays in awarding mining licenses because of decentralized decision-making and requirements for greater domestic processing were among the factors that could weight on profits.

He also said the regulatory environment was “still evolving, and the implementation of government regulations passed so far may differ somewhat from their original forms.”

Under the 2009 law, regional governments will issue mining licenses instead of the central government. It also reduced the lifespan of the new regulations to 20 years, down from 40 years in the previous law, and required miners to set aside 25 percent of their production for sale in Indonesia.

Bimo Budi Satriyo, corporate secretary of Aneka Tambang, Indonesia’s largest gold and nickel producer, said the law was an opportunity and a challenge.

“I think the regulation is good because the government does not want companies to only sell natural resources,” he said. “There will be added value for minerals, and in the end that will create a multiplier effect that can improve the economy within the region.”

Aneka Tambang already has a number of mineral processing projects in the works, Bimo continued, including a bauxite refinery in West Kalimantan and three smelters in South Sulawesi.

Bob Kamandanu, chairman of the Indonesian Coal Mining Association (APBI) and a commissioner of Berau Coal, said the shorter lifetime of the regulations created uncertainty.

“Coal mining is a long-term business. Twenty years is too short,” he said.

Sudharta, spokesman for state coal miner Perusahaan Tambang Batubara Bukit Asam, said he was confident the new law would not have any adverse effects on the company.
Source: The Jakarta Globe



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...


Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...


Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...


Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...


Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...


   4 5 6 7 8   
Showing 26 to 30 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Cemex - Philippines
  • Inco-Indonesia
  • ETA - Dubai
  • Ministry of Transport, Egypt
  • Tata Chemicals Ltd - India
  • Deloitte Consulting - India
  • Mercator Lines Limited - India
  • Vitol - Bahrain
  • Larsen & Toubro Limited - India
  • KPMG - USA
  • Renaissance Capital - South Africa
  • Videocon Industries ltd - India
  • Georgia Ports Authority, United States
  • Cosco
  • CNBM International Corporation - China
  • Medco Energi Mining Internasional
  • India Bulls Power Limited - India
  • Eastern Energy - Thailand
  • World Bank
  • ING Bank NV - Singapore
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • NALCO India
  • Neyveli Lignite Corporation Ltd, - India
  • JPower - Japan
  • GAC Shipping (India) Pvt Ltd
  • Asia Cement - Taiwan
  • MEC Coal - Indonesia
  • Agrawal Coal Company - India
  • Core Mineral Indonesia
  • Bukit Makmur.PT - Indonesia
  • MS Steel International - UAE
  • Vedanta Resources Plc - India
  • Meenaskhi Energy Private Limited - India
  • Power Finance Corporation Ltd., India
  • Reliance Power - India
  • Bukit Baiduri Energy - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • McConnell Dowell - Australia
  • GHCL Limited - India
  • RBS Sempra - UK
  • Aboitiz Power Corporation - Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • GNFC Limited - India
  • SASOL - South Africa
  • Runge Indonesia
  • SGS (Thailand) Limited
  • Cargill India Pvt Ltd
  • TANGEDCO India
  • IEA Clean Coal Centre - UK
  • Goldman Sachs - Singapore
  • Minerals Council of Australia
  • Borneo Indobara - Indonesia
  • Maruti Cements - India
  • Standard Chartered Bank - UAE
  • Arutmin Indonesia
  • EIA - United States
  • Vijayanagar Sugar Pvt Ltd - India
  • Sindya Power Generating Company Private Ltd
  • Panama Canal Authority
  • Japan Coal Energy Center
  • Gujarat Mineral Development Corp Ltd - India
  • Asmin Koalindo Tuhup - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Siam City Cement PLC, Thailand
  • Anglo American - United Kingdom
  • Petron Corporation, Philippines
  • DBS Bank - Singapore
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Thiess Contractors Indonesia
  • CIMB Investment Bank - Malaysia
  • ASAPP Information Group - India
  • Karbindo Abesyapradhi - Indoneisa
  • Coal India Limited
  • Krishnapatnam Port Company Ltd. - India
  • Coastal Gujarat Power Limited - India
  • Thailand Anthracite
  • Malabar Cements Ltd - India
  • SRK Consulting
  • Carbofer General Trading SA - India
  • Tanito Harum - Indonesia
  • Antam Resourcindo - Indonesia
  • Toyota Tsusho Corporation, Japan
  • The State Trading Corporation of India Ltd
  • Permata Bank - Indonesia
  • Semirara Mining Corp, Philippines
  • Surastha Cement
  • Energy Development Corp, Philippines
  • Timah Investasi Mineral - Indoneisa
  • Electricity Generating Authority of Thailand
  • Iligan Light & Power Inc, Philippines
  • Mitra SK Pvt Ltd - India
  • Rashtriya Ispat Nigam Limited - India
  • Vale Mozambique
  • ANZ Bank - Australia
  • Indogreen Group - Indonesia
  • Central Electricity Authority - India
  • Pinang Coal Indonesia
  • Rudhra Energy - India
  • Shree Cement - India
  • Bharathi Cement Corporation - India
  • Singapore Mercantile Exchange
  • Total Coal South Africa
  • BNP Paribas - Singapore
  • Dalmia Cement Bharat India
  • PNOC Exploration Corporation - Philippines
  • Ministry of Finance - Indonesia
  • Bulk Trading Sa - Switzerland
  • Tamil Nadu electricity Board
  • KOWEPO - South Korea
  • Edison Trading Spa - Italy
  • HSBC - Hong Kong
  • Ministry of Mines - Canada
  • Semirara Mining and Power Corporation, Philippines
  • Sarangani Energy Corporation, Philippines
  • Grasim Industreis Ltd - India
  • Freeport Indonesia
  • European Bulk Services B.V. - Netherlands
  • Credit Suisse - India
  • CESC Limited - India
  • PetroVietnam
  • Platts
  • SN Aboitiz Power Inc, Philippines
  • GB Group - China
  • Holcim Trading Pte Ltd - Singapore
  • globalCOAL - UK
  • Metalloyd Limited - United Kingdom
  • Shenhua Group - China
  • Sucofindo - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Ernst & Young Pvt. Ltd.
  • TGV SRAAC LIMITED, India
  • Argus Media - Singapore
  • Idemitsu - Japan
  • Parliament of New Zealand
  • OCBC - Singapore
  • Intertek Mineral Services - Indonesia
  • Posco Energy - South Korea
  • Meralco Power Generation, Philippines
  • CoalTek, United States
  • EMO - The Netherlands
  • Attock Cement Pakistan Limited
  • Bangladesh Power Developement Board
  • Makarim & Taira - Indonesia
  • Rio Tinto Coal - Australia
  • Cebu Energy, Philippines
  • U S Energy Resources
  • Orica Australia Pty. Ltd.
  • Indonesian Coal Mining Association
  • New Zealand Coal & Carbon
  • Price Waterhouse Coopers - Russia
  • Adani Power Ltd - India
  • Karaikal Port Pvt Ltd - India
  • Bhushan Steel Limited - India
  • Indonesia Power. PT
  • Australian Commodity Traders Exchange
  • Gujarat Electricity Regulatory Commission - India
  • Enel Italy
  • AsiaOL BioFuels Corp., Philippines
  • TNPL - India
  • Alfred C Toepfer International GmbH - Germany
  • Sinarmas Energy and Mining - Indonesia
  • Britmindo - Indonesia
  • Madhucon Powers Ltd - India
  • Kaltim Prima Coal - Indonesia
  • The India Cements Ltd
  • Uttam Galva Steels Limited - India
  • Jindal Steel & Power Ltd - India
  • Indo Tambangraya Megah - Indonesia
  • Coeclerici Indonesia
  • TRAFIGURA, South Korea
  • SUEK AG - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • PTC India Limited - India
  • JPMorgan - India
  • Coal and Oil Company - UAE
  • Humpuss - Indonesia
  • IBC Asia (S) Pte Ltd
  • Thermax Limited - India
  • Peabody Energy - USA
  • Electricity Authority, New Zealand
  • Maersk Broker
  • Kepco SPC Power Corporation, Philippines
  • PLN Batubara - Indonesia
  • Wood Mackenzie - Singapore
  • UBS Singapore
  • Ince & co LLP
  • Banpu Public Company Limited - Thailand
  • Indian School of Mines
  • Indika Energy - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Glencore India Pvt. Ltd
  • Savvy Resources Ltd - HongKong
  • The University of Queensland
  • Vizag Seaport Private Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • Arch Coal - USA
  • Orica Mining Services - Indonesia
  • Coal Orbis AG
  • Sree Jayajothi Cements Limited - India
  • Inspectorate - India
  • Jatenergy - Australia
  • Infraline Energy - India
  • Coalindo Energy - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Pendopo Energi Batubara - Indonesia
  • Platou - Singapore
  • Cardiff University - UK
  • Ind-Barath Power Infra Limited - India
  • Thai Mozambique Logistica
  • Fearnleys - India
  • Maheswari Brothers Coal Limited - India
  • IOL Indonesia
  • Coaltrans Conferences
  • Maybank - Singapore
  • Global Coal Blending Company Limited - Australia
  • Oldendorff Carriers - Singapore
  • Australian Coal Association
  • Binh Thuan Hamico - Vietnam
  • Chettinad Cement Corporation Ltd - India
  • Sojitz Corporation - Japan
  • Mitsui
  • Deutsche Bank - India
  • Romanian Commodities Exchange
  • Directorate Of Revenue Intelligence - India
  • Barclays Capital - USA
  • TNB Fuel Sdn Bhd - Malaysia
  • Economic Council, Georgia
  • TeaM Sual Corporation - Philippines
  • Russian Coal LLC
  • Marubeni Corporation - India
  • Samsung - South Korea
  • Thriveni
  • Independent Power Producers Association of India
  • White Energy Company Limited
  • Tata Power - India
  • Petrosea - Indonesia
  • Indian Energy Exchange, India
  • Parry Sugars Refinery, India
  • Geoservices-GeoAssay Lab
  • Petrochimia International Co. Ltd.- Taiwan
  • UOB Asia (HK) Ltd
  • Asian Development Bank
  • The Treasury - Australian Government
  • Central Java Power - Indonesia
  • Indian Oil Corporation Limited
  • Kartika Selabumi Mining - Indonesia
  • CCIC - Indonesia
  • Qatrana Cement - Jordan
  • Commonwealth Bank - Australia
  • Indorama - Singapore
  • Ambuja Cements Ltd - India
  • Mintek Dendrill Indonesia
  • SMC Global Power, Philippines
  • South Luzon Thermal Energy Corporation
  • PowerSource Philippines DevCo
  • Bukit Asam (Persero) Tbk - Indonesia
  • Barasentosa Lestari - Indonesia
  • Energy Link Ltd, New Zealand
  • Sakthi Sugars Limited - India
  • Cement Manufacturers Association - India
  • Lanco Infratech Ltd - India
  • Mechel - Russia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Simpson Spence & Young - Indonesia
  • Bhatia International Limited - India
  • NTPC Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • Bank of China, Malaysia
  • Global Business Power Corporation, Philippines
  • San Jose City I Power Corp, Philippines
  • Straits Asia Resources Limited - Singapore
  • Interocean Group of Companies - India
  • Aditya Birla Group - India
  • Xindia Steels Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • J M Baxi & Co - India
  • Noble Europe Ltd - UK
  • Maharashtra Electricity Regulatory Commission - India
  • Salva Resources Pvt Ltd - India
  • Jaiprakash Power Ventures ltd
  • GVK Power & Infra Limited - India
  • GMR Energy Limited - India
  • Trasteel International SA, Italy
  • Samtan Co., Ltd - South Korea
  • Therma Luzon, Inc, Philippines
  • BRS Brokers - Singapore
  • Malco - India
  • Mitsubishi Corporation
  • OPG Power Generation Pvt Ltd - India
  • Directorate General of MIneral and Coal - Indonesia
  • Star Paper Mills Limited - India
  • Kobexindo Tractors - Indoneisa
  • Formosa Plastics Group - Taiwan
  • Latin American Coal - Colombia
  • Bangkok Bank PCL
  • Port Waratah Coal Services - Australia
  • Berau Coal - Indonesia
  • PLN - Indonesia
  • World Coal - UK
  • Heidelberg Cement - Germany
  • Lafarge - France
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Planning Commission, India
  • APGENCO India
  • Chamber of Mines of South Africa
  • Gujarat Sidhee Cement - India
  • Essar Steel Hazira Ltd - India
  • IMC Shipping - Singapore
  • Africa Commodities Group - South Africa
  • ACC Limited - India
  • Gupta Coal India Ltd
  • Merrill Lynch Commodities Europe
  • Altura Mining Limited, Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Riau Bara Harum - Indonesia
  • Baramulti Group, Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Sical Logistics Limited - India
  • Kumho Petrochemical, South Korea
  • Merrill Lynch Bank
  • Clarksons - UK
  • Moodys - Singapore
  • VISA Power Limited - India
  • McKinsey & Co - India
  • Bhoruka Overseas - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Wilmar Investment Holdings
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Siam City Cement - Thailand
  • Xstrata Coal
  • Kapuas Tunggal Persada - Indonesia
  • Kobe Steel Ltd - Japan
  • Bahari Cakrawala Sebuku - Indonesia
  • WorleyParsons
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • ICICI Bank Limited - India
  • KEPCO - South Korea
  • London Commodity Brokers - England
  • SMG Consultants - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Kideco Jaya Agung - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Thomson Reuters GRC
  • Eastern Coal Council - USA
  • Mjunction Services Limited - India
  • KPCL - India
  • Gresik Semen - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • bp singapore
  • Mercuria Energy - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Adaro Indonesia
  • Bank of America