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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, 22 April 15
TANKER MARKET INSIGHT - STRATOS TINIAKOS
The current environment we experience as a result of low crude oil prices is characterized by the increased demand for petroleum products in OECD c ...
Tuesday, 21 April 15
SUB-BIT FOB INDONESIA COAL SWAP: GAINED W-O-W; DECLINED M-O-M
COALspot.com: Indonesian coal swap for delivery Q2 2015 gained week over week and declined month on month.
The Q2 swap was declined US$ 1.75 ( ...
Tuesday, 21 April 15
FOB RICHARDS BAY COAL SWAP MOVE UP SLIGHTLY
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q2' 2015 increased slightly month over month.
The Q2 swap has increased US$ 0.2 ...
Monday, 20 April 15
BUKIT ASAM TAKES OVER STAKE IN JV FROM RAJAWALI - JP
State-owned coal miner PT Bukit Asam (PTBA) announced Friday that it had taken over almost the entire stake in a joint venture (JV) that it created ...
Monday, 20 April 15
FOB NEWCASTLE COAL SWAP GAINED WEEK ON WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 3.54 per MT (-7.21%) month over month and gained US$ 0.30 week ...
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- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Planning Commission, India
- The University of Queensland
- Economic Council, Georgia
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
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