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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, 16 March 15
MAKING THE WORLD GO ROUND - SEABORNE TRADE! - CLARKSONS
Money, or even love if you prefer, are claimed to make the world go round. For the shipping world, however, it’s trade that sets things spinn ...
Monday, 16 March 15
API 5 FOB NEWCASTLE COAL SWAPS: DECLINED
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 2.48 per MT (-4.77%) month over month and US$ 0.93 (-1.84%) we ...
Monday, 16 March 15
CFR SOUTH CHINA THERMAL COAL SWAP DECLINED 3.74% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 2.17 (-3.74%) per MT month over month and US$ 0.67 (-1 ...
Sunday, 15 March 15
BDI DECLINED LESSER THAN 1% WEEK OVER WEEK; INDO-INDIA FIRM
COALspot.com: The most of indices, including bulk dry index were falling this week. The BDI has been down by just 0.53 points and closing at 562 po ...
Saturday, 14 March 15
CAPESIZE DRY BULKERS TO AVERAGE BETWEEN $3,000 AND $9,000/DAY IN THE COMING WEEKS SAYS BIMCO
BIMCO issued its latest short-term estimates for the dry bulk market. For March/May: BIMCO assesses that the Capesize time charter (T/C) average ra ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
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