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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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Tuesday, 04 November 14
INDONESIAN COAL SWAPS FOR 2015 DELIVERIES SHOW A WEAK TREND
COALspot.com: Indonesian coal swaps for delivery Q4' 2014 lost month on month and gained day on day and week on week, the trend was same as las ...
Tuesday, 04 November 14
FOB NEWCASTLE COAL SWAPS GAINED WEEK OVER WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2014 delivery decreased US$ 1.09 (-1.99%) month over month and increased US$ 0.31 (+0.58% ...
Monday, 03 November 14
ADARO PRODUCED 41.90MT OF COAL FOR FIRST 9 MONTHS OF 2014
COALspot.com: Adaro’s coal production in the third quarter reached 14.03 Mt, a 2% increase compared to the same period of last year. Accordin ...
Monday, 03 November 14
CFR SOUTH CHINA COAL SWAP FOR Q4' 2014 DELIVERY LOST 2.80% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery has decreased US$ 1.86 (-2.80%) month over month and increased US$ 0.37 ( ...
Monday, 03 November 14
INDONESIAN'S COAL EXPORTS JUMP IN SEPTEMBER
COALspot.com: Indonesia, one of the world's largest coal producers and the global leading multi grade coal exporter shipped around $1.50 ...
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- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
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