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Monday, 19 November 12
GOVT PREPARES TO FACE ANOTHER SUIT ON MINING LAW - THE JAKARTA POST
The government is gearing up to face a complaint on the 2009 Mining Law prepared by the same organization that previously brought down upstream oil and gas regulator BPMigas through a surprising verdict from the Constitutional Court, a minister has said.
Energy and Mineral Resources Minister Jero Wacik said on Sunday he would gather all of the lawmakers and officials involved in the formulation of the Mining Law as part of preparations for the planned judicial review.
“It is my job as a minister to implement all the steps stipulated in the existing laws. If a law is annulled, then those involved in its drafting must also be responsible,” he told The Jakarta Post in a
telephone interview.
Jero was commenting on a recent statement by Muhammadiyah’s chairman, Din Syamsuddin, who said the organization would continue to file complaints on several natural resource laws in a bid to open access for Indonesians to benefit from the country’s rich resources.
Din told reporters at Muhammadiyah’s headquarters in Jakarta last Thursday that the nation’s second-largest Muslim organization saw several regulations, including those issued under the Mining Law, as unconstitutional because “they have impoverished the majority of Indonesians and enriched foreign agencies”.
“We are not anti-foreigners, but we believe that the government must put its people first before any business ties with foreign companies,” he added.
Din cited this idea as the reason Muhammadiyah had teamed up with 41 other organizations to file a review of the 2001 Oil and Gas Law last year, several parts of which were struck down by the Constitutional Court last week, resulting in the dissolution of BPMigas.
According to Din, a team of experts had conducted a thorough review of the law from 2009 to 2010 before finally concluding that it contradicted the 1945 Constitution.
Several high-profile figures also joined the club to petition for the review, including Hasyim Muzadi, the former chairman of Indonesia’s largest Muslim organization, Nahdlatul Ulama (NU), and senior Golkar Party politician and former industry minister, Fahmi Idris.
Kwik Kian Gie and Rizal Ramli — former ministers under administrations of the late Abdurrahman Wahid and Megawati Soekarnoputri — as well as Kurtubi, an energy expert at state energy firm PT Pertamina, were asked by the plaintiffs to become expert witnesses in the case.
In September, a Supreme Court verdict ordered the government to withdraw four chapters of the Energy and Mineral Resources Ministerial Decree No. 7 on mineral processing, including one chapter on export taxes for mineral ore, after reviewing a complaint from Indonesia’s nickel businesses association.
The export tax was meant to prevent the exploitation of mineral ore ahead of the government’s plan to fully prohibit exports of unprocessed metals in 2014, as stipulated in the Mining Law, which will be subject to review by the Constitutional Court.
Jero had earlier said that the government was currently drafting a new regulation in light of the verdict.
Separately, noted lawyer Todung Mulya Lubis said the court’s verdict to disband BPMigas pointed to the legal uncertainties faced by foreign investors in expanding their businesses in Southeast Asia’s largest economy.
With the Constitutional Court currently reviewing the 2009 Mining Law, Todung noted more businesses would be wary of the risks of investing in Indonesia.
Source: The Jakarta Post (by: Amahl S. Azwar and Margareth S. Aritonang)
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Thursday, 14 July 16
SHIPPING'S HALF YEAR REPORT - 'MUST DO BETTER' - CLARKSONS
It’s the time of year, with the school holidays and end of term approaching, that many pupils will nervously take home their school reports t ...
Wednesday, 13 July 16
EIA FORECASTS U.S. COAL EXPORTS TO DECLINE BY 15 MMST IN 2016 AND BY 4 MMST IN 2017
COALspot.com: U.S. coal production in June was 57 million short tons (MMst), a 6 MMst (13%) increase from May and 9 MMst (14%) lower than in June 2 ...
Wednesday, 13 July 16
2015 VS. 2016; THE DRY BULK DEMOLITION DERBY - JOHN N. COTZIAS
In the first half of the year 373 Bulkers and General Cargo ships were scrapped representing 23.8mil tons of dwt carrying capacity.
Comparing ...
Tuesday, 12 July 16
DUE TO LONG HOLIDAYS, CS COAL INDICES HELD AT THE SAME LEVEL OF THE PREVIOUS WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin was flat week over week to averaging $39.98 per ton this past week.
Due to the ...
Monday, 11 July 16
COAL MARKETS SAW IMPROVED PRICES IN H1 2016 - SGX'S COMMODITIES MID-YEAR REFLECTION
COALspot.com: Coal
Coal markets saw improved prices in H1 2016 with the benchmark coking coal and thermal coal spot prices rising 18% and 25%, re ...
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- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- White Energy Company Limited
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Planning Commission, India
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
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