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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, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
Saturday, 23 May 09
THE SPOT SUPRAMAX CONTINUED TO BE FIRM - VISTAAR SINGAPORE
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore, said, the beginning of the week continued ...
Saturday, 23 May 09
INDONESIA'S COAL OUTPUT SLUMPS IN Q1 ON LOWER PRICES, FALLING DEMAND - THE JAKARTA GLOBE
Falling international coal prices, bad weather and other problems cut first-quarter coal output by 50 percent to 30 million tons against an initial ...
Saturday, 23 May 09
INDIAN GOVT PLANS TO BUILD FIVE COAL-BASED POWER PLANTS AT $3.5B TO END CRISIS - THE FINANCIAL EXPRESS
The government has started working on a plan to set up five coal-based power plants with combined capacity of 2,500 mega watt to solve the country' ...
Saturday, 23 May 09
INTERNATIONAL COAL VENTURES PVT LTD FORMED - INDIA SERVER
National Thermal Power Corporation Limited (NTPC Ltd), the largest thermal power generating company of India, has entered into a joint venture with ...
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- Sree Jayajothi Cements Limited - India
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- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
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- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
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- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
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- Siam City Cement PLC, Thailand
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- Eastern Coal Council - USA
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- White Energy Company Limited
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- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
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- Australian Commodity Traders Exchange
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- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
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- Directorate Of Revenue Intelligence - India
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- Xindia Steels Limited - India
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- Trasteel International SA, Italy
- Commonwealth Bank - Australia
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- Indogreen Group - Indonesia
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- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
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- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
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- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
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- Attock Cement Pakistan Limited
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- CIMB Investment Bank - Malaysia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
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- Minerals Council of Australia
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- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
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- PowerSource Philippines DevCo
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- Aditya Birla Group - India
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- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
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- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
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- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
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- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
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- Bhoruka Overseas - Indonesia
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- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Parliament of New Zealand
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- Ministry of Transport, Egypt
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- Australian Coal Association
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- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
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