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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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Monday, 27 June 16
THE BDI UP 3.75 PERCENT ; BCI FELL 1.51% WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week. The BDI was up 3.75 percent from las ...
Monday, 27 June 16
INDONESIA BANS (AGAIN) SHIPS SAILING TO THE PHILIPPINES FROM INDONESIA
COALspot.com: The Indonesian Transport Ministry strictly prohibited harbour masters issuing permits to all Indonesian-flagged vessels bound for the ...
Friday, 24 June 16
U.S WEEKLY COAL PRODUCTION UP MARGINALLY
COALspot.com – U.S, world’s one of the largest coal producers has produced approximately totalled an estimated 13.4 million short tons ...
Wednesday, 22 June 16
SMALL RISE IN SHIPPING CONFIDENCE - MOORE STEPHENS
In May 2016, the average confidence level expressed by respondents in the markets in which they operate was 5.1 on a scale of 1 (low) to 10 (high). ...
Wednesday, 22 June 16
SHIPPING MARKET INSIGHT - NASSOS SOULAKIS
Stagnation- With the BDI stuck in the low 600 points for almost a month now, if we had to choose a word to describe the state of the Dry Bulk freig ...
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- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
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- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
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- Simpson Spence & Young - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
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- Global Green Power PLC Corporation, Philippines
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- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indian Oil Corporation Limited
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- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
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- Semirara Mining Corp, Philippines
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- Bukit Makmur.PT - Indonesia
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- Star Paper Mills Limited - India
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- Globalindo Alam Lestari - Indonesia
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- GVK Power & Infra Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
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- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
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- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
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- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
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- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
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- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
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- Economic Council, Georgia
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
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- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
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- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
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- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
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- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
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- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
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- Parliament of New Zealand
- Anglo American - United Kingdom
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
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- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
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- Mjunction Services Limited - India
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