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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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Sunday, 19 February 12
THE SPOT FIXTURE RATES WERE REPORTED AT HIGH LEVELS - VISTAAR
COALspot.com - "The markets seems to holding back this week appears the momentum which picked up last week may slow down" - Capt. Reddy of ...
Sunday, 19 February 12
INDIKA ACQUIRES MULTI TAMBANGJAYA - INSIDER STORIES
Insider Stories reported that, PT Indika Energy Tbk (INDY) announced that wholly-owned subsidiaries have signed a conditional sale and purchase agre ...
Friday, 17 February 12
COLOMBIA COAL PRODUCTION, EXPORTS JUMP IN 2011: GOVT - COLOMBIA REPORTS
Colombia Reports reported that, colombia's coal production jumped 15.4% in 2011 to 85.8 million tonnes versus the previous year while exports rose ...
Thursday, 16 February 12
GEARING UP FOR THE EMERGING OIL & GAS OPPORTUNITIES IN MYANMAR
Press Release - Myanmar Ministry of Energy and Centre for Management Technology (CMT) to Co-host MOGP (Myanmar Oil, Gas & Power) Summit on 28 - ...
Wednesday, 15 February 12
HBA FOR FEB 2012, CLIMBS 2.09 PERCENT AND REACHED US$ 111.58 PER TON
COALspot.com - The Indonesian coal reference price for February climbs 2.09 percent to US$111.58 per ton after losing past three months. ...
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- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Renaissance Capital - South Africa
- The University of Queensland
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
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