We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 05 July 12
GOVT GETS READY FOR $1.8B SUIT - THE JAKARTA POST
 The Jakarta Post, one of the leading Indonesian English new papers reported that, several ministries and the Attorney General’s Office held a meeting at the Finance Ministry’s office in Jakarta on Wednesday to prepare the government’s response to the US$1.8 billion lawsuit filed by British mining company Churchill Mining.
“Today the team talked about preparations for the legal suit. We are learning about our strengths and weaknesses, and we are cross checking all available data that we have,” Deputy Energy and Mineral Resources Minister Rudi Rubiandini told reporters late on Wednesday, the paper further said.
He said that the government had established a team comprising senior officials representing the Energy and Mineral Resources Ministry, the Forestry Ministry, the Attorney General’s Office, the Finance Ministry, and the East Kutai administration as well as the Investment Coordinating Board (BKPM) to prepare the government’s response to Churchill’s litigation.
The team will report its work to President Susilo Bambang Yudho-yono on Friday.
Aside from Rudi, Wednesday’s meeting was also attended by Forestry Minister Zulkifli Hasan, Attorney General Basrief Arief, Finance Minister Agus Martowardojo and East Kutai Regent Isran Noor.
The London-listed company requested international arbitration after the Indonesian Supreme Court rejected its request to overturn the revocation of its local partner’s mining permits in East Kutai regency, East Kalimantan.
Churchill entered the country’s coal mining business after it acquired a 75 percent stake in the Ridlatama Group in 2008. The East Kutai administration revoked its partner’s mining permits in 2010 for allegedly engaging in illegal logging and operating under forged permits.
The permits covered coal mining in about 35,000 hectares that was formerly controlled by six local firms affiliated with the PT Nusantara Group, which was reported to have lost their mining rights in 2006 and 2007 due to a lack of activity.
Churchill estimates that the mining concessions hold 2.70 billion tons of coal with potential annual revenues of between $700 million and $1 billion for more than 20 years of operations.
The British company is reported to have sought $1.8 billion in compensation for the revocation of its mining permits. In its arbitration request, the company said the Indonesian government had breached its obligations under the UK-Indonesia Bilateral Investment Treaty.
Speaking to reporters after the meeting, Isran said that the permits were revoked because the company breached mining and forestry regulations.
He claimed Ridlatama had forged mining permits to operate on mining areas owned by Nusantara Group — a company linked to Prabowo Subianto, the founder of the Great Indonesia Movement (Gerindra) party and a chief of the Kopassus special forces unit under president Soeharto.
Isran denied rumors that the East Kutai administration had returned the mining areas to Nusantara after Churchill and its partner discovered huge coal deposits in the area.
“The mining areas belong to Nusantara and are now still owned by the company,” he said, adding that Ridlatama operated in the mining areas using forged permits. “There is a strong indication that the licensing documents that Ridlatama used are fake,” he said. With such strong legal arguments, he felt Churchill had little chance to win the case.
Meanwhile, Zulkifli also confirmed that the Forestry Ministry had strong evidence indicating that Ridlatama had operated in a forestry reserve in East Kutai without proper permits. He said that any mining company should obtain approval from his ministry to be able to operate in productive forest areas. “Ridlatama conducted mining activities and found huge coal deposits, but it operated without a permit,” he added.
Source: The Jakarta Post
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 07 July 12
EXCESS SUPPLY & WEAK DEMAND KEEP COAL PRICES LOW
COALspot.com - SGX AsiaClear OTC Coal Swaps for August and Q4 deliveries slipped slightly this week. SGX’s Indonesian sub-bituminous coal swap ...
Saturday, 07 July 12
BALTIC INDEX UP ON STRONG CAPE, PANAMAX RATES - VISTAAR
COALspot.com - This week all the segments were firmed up with BDI up by 15.23 pct (up by 153 points) closing at 1,157 points.
The cape index also ...
Saturday, 07 July 12
DRY BULK MARKET NOT ABLE TO FIND SOLID GROUND SAY EXPERTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the second half of each, traditionally looking the most active one, especially in terms of newbuildings being delivered, it's highly unlikely ...
Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 p ...
Thursday, 05 July 12
BUMI ACHIEVES HIGHER SELLING PRICE IN FIRST QUARTER
COALspot.com - PT Bumi Resources Tbk (BUMI), Indonesia's largest coal producer and exporter, has successfully maintained a higher sales margin, des ...
|
|
|
Showing 4666 to 4670 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
|
| |
| |
|
