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Wednesday, 07 March 12
INDONESIA TO LIMIT FOREIGN OWNERSHIP IN MINES TO 49 PERCENT WITHIN 10 YEARS OF PRODUCTION
COALspot.com - Foreign holders of mining licenses in Indonesia have to divert 51% of their stakes to Indonesian government or domestic entities within 10 years of starting production, according to a decree (PP 24/2012) signed by President of Indonesia on Feb. 21.
According to regulation, foreign holders of mining licenses are required to offer their first 20% stakes diversion to Indonesian party within a period no later than 90 (ninety) calendar days after 5 (five) years receipt of mining license (IUP operation and production).
Foreign mining license holders are required to offer their stakes to government of Indonesia, provincial government, local government district / city, state owned enterprises first prior to offer domestic private entities. According to regulations, the government, local government or state owned enterprises have to expressed interest at the latest within 60 (sixty) calendar days from the date of bidding.
In the event the government and the provincial government or local government district / city, state, and local enterprises are not interested to buy divested shares, then the shares can be offered to domestic private enterprises in a period of at least 30 (thirty) calendar days.
Domestic private enterprises have to express their interest at least within 30 (thirty) calendar days after the date of bidding. If domestic private enterprise have decided to buy the shares, then the payment and transfer of purchased shares has to be completed at the latest within 90 (ninety) calendar days after the date finalization of the purchase of shares.
However, If the divestment is not reached within the period stated in the regulation 24/2012, the diversion of shares can be made in the following year.
7th Year of production of completion or 6th years of receipt of IUP OP license, the foreign owners of mines are required to divert an another 10% or total 30% of total stakes and 8th years of production 7% stakes diversion, by 9th year of production another 7% and finally 10th years of production 51% of total stakes must hold by either Indonesian government, local government district / city, state enterprises, or national private entities.
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Thursday, 01 March 12
INDO-INDIA, LARGE ECO SUPRA CAN FETCH CLOSE TO USD 9K DOP N.CHINA - FEARNLEYS AS
Handy
The Atlantic Handysize market did not see any signs for recovery this week. It is still a major lack of spot cargoes and an oversupply of pro ...
Wednesday, 29 February 12
69 MINERS AGREE TO RENEGOTIATE CONTRACTS - THE JAKARTA POST
The Jakarta Post, one of the leading English news papaer in Indonesia reported that, as many as 60 coal contracts-of-work (PKP2B) and nine non-coal ...
Wednesday, 29 February 12
PUTTING COAL GASIFICATION TO WORK
Clifford Reese of the SSOE Group looks at practical solutions for district energy leaders who wish to implement clean coal technology.
Coal fuels ...
Monday, 27 February 12
COAL MINING PROFITS TOO HIGH, SAYS GOVT - TEMPO INTERACTIVE
Tempo Interactive reported that, Energy and Mineral Resources Deputy Minister of Indonesia Widjajono Partowidagdo has criticized coal-mining compani ...
Monday, 27 February 12
INDONESIAN COAL EXPORTS TO CHINA DROPS 39.76 PERCENT IN JANUARY 2012
COALspot.com: Indonesia, the world largest coal exporter, shipped 28.21* mln mt of coal in January 2012, slightly lower than its December 2011 ...
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- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- The University of Queensland
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
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