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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, 27 October 14
CFR SOUTH CHINA COAL SWAPS PERFORMED POSITIVE THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery decreased US$ 1.68 (-2.55%) month over month and increased US$ 0.87 (+1.3 ...
Sunday, 26 October 14
CAPE'S STRONG PERFORMANCE PUSHES BDI INDEX UPWARDS
COALspot.com: The BDI was up by 26.27 pct and closed at 1192 points week and week. The Cape size performance has pushed up BDI and Cape size index ...
Friday, 24 October 14
WEEKLY U.S COAL PRODUCTION DOWN 2.7% FOR THE WEEK ENDING OCTOBER 18
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.7 million short tons (mmst) of coal in ...
Thursday, 23 October 14
THE BEARS, HOWEVER, STILL CRY; FOR HOW LONG WILL IT LAST? - FEARNLEYS
Handy
"We experience a typical oversupply of ships in the Atlantic which causing rates to slide. In the USG it is just enough cargoes to kee ...
Wednesday, 22 October 14
MARKET INSIGHT - THEODORE NTALAKOS, INTERMODAL
ECO designs - revisited
The ECO vessels are already here but the oil and bunker prices are plummeting to their cheapest level since 2010. Is this ...
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Showing 3411 to 3415 news of total 6871 |
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- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Planning Commission, India
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
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