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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, 28 March 16
THE SUPRAMAX INDEX WAS UP TWENTY-FOUR POINTS TO 473 POINTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 25 March 16
DRY BULK SHIPPING FLEET WILL GROW BY 1.3% DURING 2016 - BIMCO | HELLENIC SHIPPING NEWS
The dry bulk market will keep on suffering, at least until the start of 2017 and possibly well after that, should the current balance of supply and ...
Friday, 25 March 16
U.S COAL PRODUCTION DECLINED 9.1% W/W - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million shor ...
Thursday, 24 March 16
PERSISTENT OVERCAPACITY TO PROLONG CHINA'S COAL SECTOR DOWNTURN - FITCH
China's coal sector is likely to remain under pressure in the short to medium term as structural weaknesses in demand and overcapacity persist, ...
Thursday, 24 March 16
SEABORNE TRADE: CHECKING UP ON THE TRENDS - CLARKSON RESEARCH
Following a decline in 2009, seaborne trade grew on average by 4.9% p.a. in 2010-13, reflecting booming import demand in a number of key importing ...
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- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
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- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- PTC India Limited - India
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Thai Mozambique Logistica
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- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Planning Commission, India
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
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