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Wednesday, 29 April 09
NEW GOV'T REGULATION SHOULD INCORPORATE CONFLICT SETTLEMENT BODY - ICMA (MAJALAH TAMBANG)
A draft government regulation on mineral and coal is currently in a process of completion. The Indonesian Coal Mining Association (ICMA) proposed that a new body for conflict settlement be incorporated in the draft regulation. The new body would then be dependable for conflicts related to mining zones. ICMA further suggested that the regulation also endorses Initial Public Offerings (IPO) as a divestment model of foreign owned shares in Indonesia.
Supriatna Suhala, ICMA's Executive Director, revealed that the association had received four draft regulations on mineral and coal from the government, who is looking for inputs prior to the regulations' enactment. The four drafts would engage in several keypoints and activities in the new mining law: on mining zones, mining business, direction and supervision of mining, and on reclamation and post-mining.
In his assessment, the four draft regulations are still inadequate. On the issue of mining zones, for instance, there is no single mentioning of a conflict settlement body. To determine zonal areas for mining, the potential of a conflict is huge, therefore a special refereeing body is seen as a way to avoid frictions on the issue, said the spiritful Mr. Suhala. "In such a conflict, the body could ultimately decide on which sector to be given the opportunity to make use of the mining zone(s) first. In short, the body would be able to put the national interests above others," he added. In the past, the issue of overlapping of mining areas had among others pitted the mining sector against the forestry, the agricultural, and the environmental sectors.
Mr. Suhala also noted that a divestment obligation which should begin five years after the initial operation of a company here would only add to the corporation's woes. By then, companies would still be in debts to their financiers as their business are also still years away from their break even points.
On the discussion of mining business, Mr. Suhala stated that IPO is already a very transparent practice as a divestment model. "It should be conducted in the most transparent manner possible, otherwise it would not benefit (the sector)," he said.
Mr. Suhala then confirmed that ICMA would present all its views and suggestions during the next discussion on the draft regulations with the government and other stakeholders in the mining sector. The association has absolutely high hopes that when enacted, the bylaws would provide a certain support to create a more conducive investment climate in the mining sector.
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Monday, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first dro ...
Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
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- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- The University of Queensland
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
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