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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, 24 August 15
IS CHINA'S STEEL EXPORTS ENOUGH TO SUPPORT THE FREIGHT MARKET? - BIMCO
No, it’s not enough, you will need lower Chinese iron ore production too in order to keep growing imports of iron ore into China that will su ...
Sunday, 23 August 15
SHIPPING FREIGHT RATES FALL SHARPLY ON EXCESS SUPPLY AND LOW DEMAND
COALspot.com: The BDI continued to soften and was down 5.78 pct and falls back below 1000 points this week.
The cape Index lost 17.25 per cent ...
Friday, 21 August 15
U.S. YEAR-TO-DATE COAL PRODUCTION VOLUME FALLS 8.7% Y-O-Y
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.3 million shor ...
Friday, 21 August 15
GLOBALCOAL TO LAUNCH ONLINE TRADING OF PHYSICAL MET COAL ON 13 OCTOBER
On 13 October 2015, globalCOAL will launch an online platform for the physical procurement and trade of high quality hard coking coal delivered FOB ...
Thursday, 20 August 15
COAL PRICES FALL TO 12-YEAR LOWS AS CHINA, INDIA JOIN DEMAND SLOWDOWN - REUTERS
Coal futures have fallen to 12-year lows, hit by soaring production and a slowdown in global buying, including from India and China which until rec ...
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- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
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