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Friday, 11 November 11
GOVT WAITS LEGAL DECISION ON BUKIT ASAM, ADARO DISPUTE - JP
The Jakarta Post reported that, The government says that it will not interfere in the settlement process of the dispute between state coal miner PT Bukit Asam and the country’s second largest coal producer, PT Adaro Energy, on an overlapping mining area.
Director general for minerals and coal at the Energy and Mineral Resources Ministry Thamrin Sihite said that the government would wait for a legal decision on the dispute.
“The government will comply with the decision,” he told reporters after attending the launch of the Indonesian Coal Index (ICI) 5, a reference price for low-rank coal, in Jakarta on Thursday.
Overlapping mining areas often happened in the country after the implementation of regional autonomy, he reported.
“In many cases, regent A gives a mining permit to a company, but then regent B, who replaced regent A, also gives a permit for the same area to another company. That happens very often across the country,” said Thamrin.
He promised that the government would solve the problems of overlapping mining areas as soon as possible.
According to the ministry’s data, as of September, only 45 percent or 3,778 of 8,263 registered mining licenses (IUP) have the status of “clean and clear”, the remaining 4,485 licenses were problematic.
Bukit Asam and PT Mustika Indah, whose 75 percent share is owned by Adaro’s subsidiary PT Alam Tri Abadi, are currently in dispute over a mining area in South Sumatra. The case is now in the process of appeal process at the Supreme Court.
Bukit Asam sent a subpoena to Adaro on the disputed land. The company’s lawyer, Anton Dedi Hermanto, said earlier that Adaro claimed Mustika’s land did not overlap Bukit Asam’s mining areas.
He claimed that the mining right (KP) issued by the regent of Lahat for Mustika through the letter of authority number 540/65/KEP/PERTAMBEN/2005 with a total area of 2,742 hectares overlaps Bukit Asam’s exploration area.
The South Sumatra governor’s letter number 556/KPTS/PERTAMBEN/2004 which became Adaro’s reference did not eliminate the right of Bukit Asam over the exploration area of 26,760 hectares.
Source: The Jakarta Post
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Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
Wednesday, 19 October 11
ADARO ACQUIRES BUKIT ENIM ENERGI - INSIDER STORIES
Insider Stories reported that, Coal miner PT Adaro Energy Tbk, via its subsidiary dubbed PT Alam Tri Abadi, today revealed a 46% stake takeover of a ...
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- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- VISA Power Limited - India
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Australian Coal Association
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Marubeni Corporation - India
- The University of Queensland
- Mjunction Services Limited - India
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