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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, 10 March 16
IT FEELS SAFE TO SAY THAT THE MARKET IS SLOWLY AND PAINFULLY REGAINING ITS BALANCE
With the BDI marking its third consecutive positive weekly closing, it feels safe to say that the market is regaining its balance; slowly and painf ...
Wednesday, 09 March 16
U.S. COAL EXPORTS DECLINED 24% (74 MMST) IN 2015; COAL PRODUCTION IS EXPECTED TO DECREASE BY 111 MMST IN 2016 - EIA
U.S. Coal Supply
EIA estimates that U.S. coal production for February 2016 was 54 million short tons (MMst), a 4 MMst (7%) decrease from the prev ...
Wednesday, 09 March 16
RI MAY HAVE TO IMPORT COAL FOR FUTURE POWER PLANTS: STUDY - THE JAKARTA POST
With coal prices continuing to decline, Indonesia will struggle to provide the coal needed to fire up its power stations in the near future, a stud ...
Tuesday, 08 March 16
INDONESIA HIKES COAL BENCHMARK PRICE FOR THE FIRST TIME IN 12 MONTHS
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price further deep in February 2016, but up slightly in Mar ...
Tuesday, 08 March 16
THE DRY CARGO MARKET ENDURED ONE OF ITS MOST DIFFICULT YEARS IN 2015, EXPERIENCING LOWS NOT SEEN SINCE THE MID 1980S - CLARKSONS
Whilst shipping and offshore markets have seen some good opportunities during 2015, overall there have been unprecedented challenges, so we are ver ...
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Showing 2531 to 2535 news of total 6871 |
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- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
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