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Sunday, 12 February 12
INDONESIA HAS ISSUED A REGULATION TO BAN THE EXPORT OF UNPROCESSED MINERALS AND METALS BY 2014
COALspot.com - The Indonesian government has finally issued a ministerial decree (7 Year 2012 dated 6 February 2012) to ban the export of unprocessed minerals and metals by 2014.
"The law aims forced the development of the manufacturing sector by compelling resources companies to process materials at home rather than offshore. Mining companies that fail to meet new rules in place from 2014 banning the export of unprocessed commodities will face the revocation of their mining license and the suspension of their shipping activities, a government deputy minister said on Friday," as quoted by Jakarta Globe.
The producers of commodities require to process materials within Indonesia rather than offshore. According to an executive from a domestic shipping company, unprocessed commodities ban will help domestic shipping industry's growth in coming years. “The producers of mineral and metals in Kalimantan island will transport their unprocessed commodities to the facilities in Java Island to process. It will increase domestic shipping activities,” commented an another barge owner cum operator, based in Jakarta.
Small scale mine owners are expected to use private smelting plants to get their commodities processed.
According to the regulation, the companies that breaching the ban would be hit with penalties, including halving their production entitlement, revocation of their mining licenses and temporary suspension of their shipping activities. The sanctions will be imposed by the minister, governor or regent. Big companies won’t have problems with the law, says industry players.
The law bans the shipment of unprocessed gold, nickel, tin, copper, silver, bauxite, iron ore, sand iron, nickel, manganese, antimony, and other commodities. Non-metal minerals such as calcite (limestone), feldspar, kaolin, bentonite, zeolite, silica (quartz sand), zircon, and diamond will also be affected.
However, the regulation was silent on coal export ban. The government is currently drawing up a regulation to ban the export of coal below 5,700 kcal/kg (adb). The implementation of the regulation is expected as of January 12, 2014, aiming that the coal with low-grade can be upgraded upfront prior to export.
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Thursday, 26 January 12
ABM INVESTAMA SEALS US$100 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, PT Reswara Minergi Hartama, a subsidary of PT ABM Investama Tbk (ABMM), has sealed a 2 million tons of coal export co ...
Thursday, 26 January 12
DRY BULK MARKETS DOWNFALL KNOWS NO LIMITS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s demise seems to have no visible end, as China’s Lunar Year Holidays continue this week, thus leaving demand with n ...
Wednesday, 25 January 12
CLEAN AND CLEAR MINING PERMITS TO BE COMPLETED END OF 2012 - BISNIS.COM
Bisnis.com reported that, the government plans to announce 700 mining permits with "clean and clear" status without overlapping on other p ...
Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into ...
Tuesday, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES
Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net prof ...
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- Xindia Steels Limited - India
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Planning Commission, India
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
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