COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 21 February 12
THREAT ISSUED ON MINERAL FIRMS AS GOVT PLANS EXPORT BAN - THE JAKARTA POST
The Jakarta Post, one of the leading english news papaer in Indonesia reported that, the government has given mineral producers three months to subm ...


Monday, 20 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU
The dry market experienced one more disappointing week with tonnage oversupply and limited cargo demand that pushes earnings for shipping players to ...


Monday, 20 February 12
JATENERGY SECURES FIRST 8000-TONNE COAL SALES CONTRACT FOR JONGKANG MINES
8000-tonne contract with Singaporean buyer signed for March delivery 50% down payment due in five working days Production continues at both Jongka ...


Monday, 20 February 12
DIAN SWASTATIKA ACQUIRES ANDALAN LESTARI - INSIDER STORIES
Insider Stories reported that, PT Dian Swastatika Sentosa Tbk (DSSA), controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 99.83% takeove ...


Monday, 20 February 12
COAL BOOM AND ENVIRONMENTAL CONCERN - SUNIL K KUMBHAT
COALspot.com - The dawn of the 21st century has seen a shift in the world's commercial balance of power, with the dominance of the US, Europe and J ...


   967 968 969 970 971   
Showing 4841 to 4845 news of total 6871
News by Category
Popular News
 
Total Members : 28,617
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • New Zealand Coal & Carbon
  • HSBC - Hong Kong
  • Total Coal South Africa
  • EIA - United States
  • Borneo Indobara - Indonesia
  • Wilmar Investment Holdings
  • JPMorgan - India
  • Maruti Cements - India
  • Bhoruka Overseas - Indonesia
  • Kumho Petrochemical, South Korea
  • PowerSource Philippines DevCo
  • World Bank
  • Merrill Lynch Bank
  • Ind-Barath Power Infra Limited - India
  • Thailand Anthracite
  • PLN - Indonesia
  • Petron Corporation, Philippines
  • Shree Cement - India
  • Lanco Infratech Ltd - India
  • Tata Chemicals Ltd - India
  • Bukit Makmur.PT - Indonesia
  • GVK Power & Infra Limited - India
  • Savvy Resources Ltd - HongKong
  • Coal India Limited
  • Russian Coal LLC
  • RBS Sempra - UK
  • Electricity Generating Authority of Thailand
  • IHS Mccloskey Coal Group - USA
  • Economic Council, Georgia
  • Ministry of Finance - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Oldendorff Carriers - Singapore
  • J M Baxi & Co - India
  • Arutmin Indonesia
  • Interocean Group of Companies - India
  • Surastha Cement
  • Thomson Reuters GRC
  • Commonwealth Bank - Australia
  • OCBC - Singapore
  • Cargill India Pvt Ltd
  • Thriveni
  • Deloitte Consulting - India
  • BNP Paribas - Singapore
  • Humpuss - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Trasteel International SA, Italy
  • Petrosea - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Karbindo Abesyapradhi - Indoneisa
  • Georgia Ports Authority, United States
  • Riau Bara Harum - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Price Waterhouse Coopers - Russia
  • Bahari Cakrawala Sebuku - Indonesia
  • UBS Singapore
  • Britmindo - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • IOL Indonesia
  • Siam City Cement - Thailand
  • KPMG - USA
  • Siam City Cement PLC, Thailand
  • Meenaskhi Energy Private Limited - India
  • Asmin Koalindo Tuhup - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Freeport Indonesia
  • Parry Sugars Refinery, India
  • IMC Shipping - Singapore
  • Metalloyd Limited - United Kingdom
  • Tanito Harum - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Madhucon Powers Ltd - India
  • MEC Coal - Indonesia
  • Credit Suisse - India
  • Leighton Contractors Pty Ltd - Australia
  • Uttam Galva Steels Limited - India
  • International Coal Ventures Pvt Ltd - India
  • Coal Orbis AG
  • TNPL - India
  • Gresik Semen - Indonesia
  • Bulk Trading Sa - Switzerland
  • Africa Commodities Group - South Africa
  • Essar Steel Hazira Ltd - India
  • Global Coal Blending Company Limited - Australia
  • CNBM International Corporation - China
  • Bank of China, Malaysia
  • DBS Bank - Singapore
  • Gupta Coal India Ltd
  • Makarim & Taira - Indonesia
  • Sojitz Corporation - Japan
  • Globalindo Alam Lestari - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Barclays Capital - USA
  • Alfred C Toepfer International GmbH - Germany
  • Marubeni Corporation - India
  • JPower - Japan
  • Geoservices-GeoAssay Lab
  • Mjunction Services Limited - India
  • World Coal - UK
  • ICICI Bank Limited - India
  • Runge Indonesia
  • TeaM Sual Corporation - Philippines
  • The State Trading Corporation of India Ltd
  • CESC Limited - India
  • Ince & co LLP
  • Bank of America
  • Kaltim Prima Coal - Indonesia
  • Maybank - Singapore
  • SMG Consultants - Indonesia
  • Permata Bank - Indonesia
  • Altura Mining Limited, Indonesia
  • KPCL - India
  • GHCL Limited - India
  • GB Group - China
  • Miang Besar Coal Terminal - Indonesia
  • Coalindo Energy - Indonesia
  • Cement Manufacturers Association - India
  • Directorate General of MIneral and Coal - Indonesia
  • Standard Chartered Bank - UAE
  • Mintek Dendrill Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • ANZ Bank - Australia
  • Fearnleys - India
  • Bayan Resources Tbk. - Indonesia
  • Coal and Oil Company - UAE
  • Goldman Sachs - Singapore
  • Aboitiz Power Corporation - Philippines
  • Coeclerici Indonesia
  • MS Steel International - UAE
  • Gujarat Sidhee Cement - India
  • Tata Power - India
  • GAC Shipping (India) Pvt Ltd
  • Anglo American - United Kingdom
  • Chamber of Mines of South Africa
  • Rio Tinto Coal - Australia
  • Orica Australia Pty. Ltd.
  • Australian Commodity Traders Exchange
  • Bharathi Cement Corporation - India
  • Parliament of New Zealand
  • Central Electricity Authority - India
  • Mercator Lines Limited - India
  • SN Aboitiz Power Inc, Philippines
  • Core Mineral Indonesia
  • Indonesian Coal Mining Association
  • Simpson Spence & Young - Indonesia
  • Tamil Nadu electricity Board
  • Vitol - Bahrain
  • Barasentosa Lestari - Indonesia
  • ASAPP Information Group - India
  • CoalTek, United States
  • Glencore India Pvt. Ltd
  • EMO - The Netherlands
  • Moodys - Singapore
  • Bhatia International Limited - India
  • San Jose City I Power Corp, Philippines
  • Ernst & Young Pvt. Ltd.
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • KOWEPO - South Korea
  • Power Finance Corporation Ltd., India
  • Orica Mining Services - Indonesia
  • ACC Limited - India
  • Baramulti Group, Indonesia
  • Larsen & Toubro Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • Jorong Barutama Greston.PT - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Adaro Indonesia
  • TRAFIGURA, South Korea
  • Agrawal Coal Company - India
  • Rudhra Energy - India
  • Kobe Steel Ltd - Japan
  • Berau Coal - Indonesia
  • Heidelberg Cement - Germany
  • Indorama - Singapore
  • Peabody Energy - USA
  • GN Power Mariveles Coal Plant, Philippines
  • Samtan Co., Ltd - South Korea
  • TANGEDCO India
  • Mechel - Russia
  • Bukit Baiduri Energy - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Straits Asia Resources Limited - Singapore
  • Chettinad Cement Corporation Ltd - India
  • Iligan Light & Power Inc, Philippines
  • Cosco
  • Meralco Power Generation, Philippines
  • Global Green Power PLC Corporation, Philippines
  • SUEK AG - Indonesia
  • IBC Asia (S) Pte Ltd
  • Aditya Birla Group - India
  • Neyveli Lignite Corporation Ltd, - India
  • Maersk Broker
  • Maharashtra Electricity Regulatory Commission - India
  • PNOC Exploration Corporation - Philippines
  • The University of Queensland
  • Arch Coal - USA
  • Mitsubishi Corporation
  • Reliance Power - India
  • Independent Power Producers Association of India
  • Carbofer General Trading SA - India
  • WorleyParsons
  • Vijayanagar Sugar Pvt Ltd - India
  • Xstrata Coal
  • Xindia Steels Limited - India
  • Port Waratah Coal Services - Australia
  • Kideco Jaya Agung - Indonesia
  • Intertek Mineral Services - Indonesia
  • Thiess Contractors Indonesia
  • Videocon Industries ltd - India
  • Platts
  • Banpu Public Company Limited - Thailand
  • Sical Logistics Limited - India
  • Indogreen Group - Indonesia
  • Attock Cement Pakistan Limited
  • Pinang Coal Indonesia
  • Sakthi Sugars Limited - India
  • GNFC Limited - India
  • Kepco SPC Power Corporation, Philippines
  • PLN Batubara - Indonesia
  • Sarangani Energy Corporation, Philippines
  • U S Energy Resources
  • Rashtriya Ispat Nigam Limited - India
  • Adani Power Ltd - India
  • White Energy Company Limited
  • Electricity Authority, New Zealand
  • Argus Media - Singapore
  • APGENCO India
  • Semirara Mining Corp, Philippines
  • Global Business Power Corporation, Philippines
  • UOB Asia (HK) Ltd
  • London Commodity Brokers - England
  • Latin American Coal - Colombia
  • Eastern Energy - Thailand
  • Vedanta Resources Plc - India
  • Jindal Steel & Power Ltd - India
  • Energy Link Ltd, New Zealand
  • Energy Development Corp, Philippines
  • Merrill Lynch Commodities Europe
  • Toyota Tsusho Corporation, Japan
  • Kohat Cement Company Ltd. - Pakistan
  • Karaikal Port Pvt Ltd - India
  • Holcim Trading Pte Ltd - Singapore
  • Mitsui
  • Ministry of Transport, Egypt
  • McConnell Dowell - Australia
  • Romanian Commodities Exchange
  • Kartika Selabumi Mining - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Ministry of Mines - Canada
  • Cebu Energy, Philippines
  • Indian Energy Exchange, India
  • Bangkok Bank PCL
  • Platou - Singapore
  • Indika Energy - Indonesia
  • Edison Trading Spa - Italy
  • Inco-Indonesia
  • Dalmia Cement Bharat India
  • ING Bank NV - Singapore
  • Cardiff University - UK
  • Malco - India
  • Minerals Council of Australia
  • Kapuas Tunggal Persada - Indonesia
  • McKinsey & Co - India
  • SGS (Thailand) Limited
  • Wood Mackenzie - Singapore
  • Ceylon Electricity Board - Sri Lanka
  • NALCO India
  • European Bulk Services B.V. - Netherlands
  • Indian School of Mines
  • Indo Tambangraya Megah - Indonesia
  • Antam Resourcindo - Indonesia
  • The Treasury - Australian Government
  • Renaissance Capital - South Africa
  • Jaiprakash Power Ventures ltd
  • Ambuja Cements Ltd - India
  • Coaltrans Conferences
  • Bukit Asam (Persero) Tbk - Indonesia
  • BRS Brokers - Singapore
  • Maheswari Brothers Coal Limited - India
  • South Luzon Thermal Energy Corporation
  • Panama Canal Authority
  • globalCOAL - UK
  • Thai Mozambique Logistica
  • Idemitsu - Japan
  • CIMB Investment Bank - Malaysia
  • ETA - Dubai
  • KEPCO - South Korea
  • Vizag Seaport Private Limited - India
  • The India Cements Ltd
  • NTPC Limited - India
  • Singapore Mercantile Exchange
  • Sucofindo - Indonesia
  • Therma Luzon, Inc, Philippines
  • Enel Italy
  • Infraline Energy - India
  • Posco Energy - South Korea
  • Mitra SK Pvt Ltd - India
  • Asia Cement - Taiwan
  • Manunggal Multi Energi - Indonesia
  • Eastern Coal Council - USA
  • IEA Clean Coal Centre - UK
  • Deutsche Bank - India
  • SASOL - South Africa
  • CCIC - Indonesia
  • Australian Coal Association
  • Asian Development Bank
  • Bhushan Steel Limited - India
  • Planning Commission, India
  • Formosa Plastics Group - Taiwan
  • Cemex - Philippines
  • Inspectorate - India
  • Indonesia Power. PT
  • Samsung - South Korea
  • GMR Energy Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Malabar Cements Ltd - India
  • Krishnapatnam Port Company Ltd. - India
  • Thermax Limited - India
  • SMC Global Power, Philippines
  • VISA Power Limited - India
  • Coastal Gujarat Power Limited - India
  • Star Paper Mills Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • Vale Mozambique
  • Clarksons - UK
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Indian Oil Corporation Limited
  • SRK Consulting
  • Kobexindo Tractors - Indoneisa
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • PetroVietnam
  • Timah Investasi Mineral - Indoneisa
  • TGV SRAAC LIMITED, India
  • Salva Resources Pvt Ltd - India
  • Jatenergy - Australia
  • Lafarge - France
  • Qatrana Cement - Jordan
  • Bangladesh Power Developement Board
  • Sree Jayajothi Cements Limited - India
  • Sindya Power Generating Company Private Ltd
  • Mercuria Energy - Indonesia
  • Noble Europe Ltd - UK
  • bp singapore
  • Central Java Power - Indonesia
  • India Bulls Power Limited - India
  • Japan Coal Energy Center
  • Grasim Industreis Ltd - India
  • PTC India Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Medco Energi Mining Internasional
  • Shenhua Group - China
  • Petrochimia International Co. Ltd.- Taiwan
  • Billiton Holdings Pty Ltd - Australia
  • TNB Fuel Sdn Bhd - Malaysia