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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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Wednesday, 25 November 15
INDIA'S POWER GENERATORS FACE LOW, FALLING UTILISATION RATE - FITCH
COAlspot.com: Fitch Ratings says in a new report that the utilisation rate of India's thermal power generation capacity continued to decline in ...
Wednesday, 25 November 15
BIG CHINESE COPPER PROCESSORS DEFEND MARGINS THROUGH R&D, SAYS FITCH
Large Chinese copper processors are focusing on higher value-added products and investing in R&D to enhance their technical know-how to maintai ...
Wednesday, 25 November 15
BIMCO LAUNCHES ANTI-CORRUPTION CLAUSE FOR SHIPPING CONTRACTS WORLDWIDE
COALspot.com: BIMCO, is the world’s largest international shipping association, with 2,200 members in around 130 countries, has now launched ...
Wednesday, 25 November 15
TANKER MARKET INSIGHT - GEORGE VASTARDIS
We have already noticed obvious signs of activity mainly West of Suez, which are currently driving the clean MR market to higher levels. Over the p ...
Tuesday, 24 November 15
COAL SUPPLY PRESSURE PUTS INDONESIAN HBA IN FREE FALL
The coal industry is slowly recognizing that, the current coal price level is not a decrease in price, but a change in pricing to corresp ...
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- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
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- Minerals Council of Australia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
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- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
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- Ministry of Finance - Indonesia
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- Trasteel International SA, Italy
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- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
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- Indonesian Coal Mining Association
- India Bulls Power Limited - India
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- Meralco Power Generation, Philippines
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
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- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
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- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- ICICI Bank Limited - India
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- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
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- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
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- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- London Commodity Brokers - England
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
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- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
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