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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 October 14
CAPESIZE MARKET REMAINED UNDER PRESSURE
COALspot.com: The Dry Bulk market closed on the red for yet another week although following Friday sentiment has started to improve on the back of ...
Tuesday, 21 October 14
INDIA'S DIESEL DEREGULATION POSITIVE FOR OIL COMPANIES - FITCH
The Indian government's 18 October decision to deregulate diesel prices will have a positive effect on the national oil marketing companies tha ...
Tuesday, 21 October 14
LOW DEMAND PUTTING COAL SWAPS UNDER PRESSURE
COALspot.com: Indonesian coal swaps for delivery Q4' 2014 lost on day, week and month.
The swap has lost US$ 1.57 (-3.04%) month on month ...
Monday, 20 October 14
CHINA'S ENVIRONMENTAL POLICIES DO NOT SPELL THE END FOR COAL - WOOD MACKENZIE
China's environmental policies do not spell the end for coal Analysis across energy commodities show coal still accounting for 64% of power mix ...
Monday, 20 October 14
CFR SOUTH CHINA COAL SWAPS FAILED TO PERFORM POSITIVE
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery decreased US$ 3.04 (-4.57%) month over month and US$ 1.75 (-2.68%) week o ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Eastern Energy - Thailand
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Australian Coal Association
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Economic Council, Georgia
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Parliament of New Zealand
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
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