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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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Sunday, 22 January 12
FREIGHT MARKET DROPPED TO THE LOWEST LEVEL SINCE 2008
COALspot.com - "The markets continued to soften almost reaching 2008 levels breaking the 1,000 point mark", said Capt. Reddy of Vistaar Sh ...
Saturday, 21 January 12
ASIAS PREMIER COMPREHENSIVE OPEN CUT MINING CONFERENCE SCHEDULED FOR FEBRUARY 2012
As the only such conference in the region for miners and service providers, IBC Asia’s Open Cut Mine Planning & Operational Excellence con ...
Saturday, 21 January 12
COAL MARKETS CELEBRATES A DECADE OF BRINGING BUYERS & SELLERS TOGETHER
In 2012, IBC Asia’s premier Coal Markets conference series – Asia’s only globally focused coal import, export and supply chain eve ...
Saturday, 21 January 12
SAMIN TAN COMPLETES BUMI PLC TAKEOVER - INSIDER STORIES
Insider Stories reported that, Indonesian coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN), that is controlled by stellar businessm ...
Thursday, 19 January 12
SOUTHGOBI RESOURCES SELLS MORE THAN FOUR MILLION TONNES OF COAL IN 2011, 58% MORE THAN 2010
COALspot.com - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) has successfully complets year 2011 on guidance in terms of coal sales and production.
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- Economic Council, Georgia
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- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
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- Indian Energy Exchange, India
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- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Banpu Public Company Limited - Thailand
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- Planning Commission, India
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- Attock Cement Pakistan Limited
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- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
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- Georgia Ports Authority, United States
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- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
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- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
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- Therma Luzon, Inc, Philippines
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- Metalloyd Limited - United Kingdom
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- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
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- Vedanta Resources Plc - India
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- Holcim Trading Pte Ltd - Singapore
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- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Borneo Indobara - Indonesia
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- Australian Coal Association
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
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- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
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- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
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- Aditya Birla Group - India
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- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
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- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
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- Electricity Authority, New Zealand
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- SMG Consultants - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
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- Commonwealth Bank - Australia
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- Singapore Mercantile Exchange
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- Trasteel International SA, Italy
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- Indonesian Coal Mining Association
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- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- White Energy Company Limited
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
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- MS Steel International - UAE
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