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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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Friday, 15 April 16
U.S WEEKLY COAL OUTPUT FALLS ACROSS ALL BASINS - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.2 million short tons (mm ...
Thursday, 14 April 16
AUSTRALIAN MINING SERVICES SECTOR SQUEEZED BY MINERS' COST CUTS - FITCH RATINGS
Fitch Ratings says mining services companies' revenues and margins will remain under pressure as miners continue to focus on reducing costs ami ...
Thursday, 14 April 16
DRY BULKERS' PRICES COULD BE HEADING UPWARDS AS BUYERS' APPETITE INCREASES - HELLENIC SHIPPING NEWS
Investment sentiment is beginning to trend upwards in the market for second hand dry bulk carriers. According to the latest weekly report from ship ...
Wednesday, 13 April 16
U.S COAL PRODUCTION IS EXPECTED TO DECREASE BY 16 PER CENT IN 2016; THE LARGEST ANNUAL PERCENTAGE DECLINE SINCE 1958 - EIA
EIA estimates that U.S. coal production in March 2016 was 52 million short tons (MMst), a 2 MMst (4%) decrease from the previous month and 29 MMst ...
Tuesday, 12 April 16
INDONESIA COAL BENCHMARK PRICE INCREASES FOR SECOND STRAIGHT MONTH
COALspot.com: The Indonesia Coal Benchmark Price Increases For Second Straight Month in April 2016.
The Director General of Mine ...
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- Dalmia Cement Bharat India
- Planning Commission, India
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Aditya Birla Group - India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- White Energy Company Limited
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Australian Coal Association
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
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