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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, 15 September 14
CFR SOUTH CHINA COAL SWAP GAINED DAY ON DAY AND WEEK ON WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 2.30 (-3.36%) month over month, but increased day on day a ...
Sunday, 14 September 14
FREIGHT RATES RALLY AS DEMAND INCREASED
COALspot.com: The Baltic Dry Index (BDI) is a number (in US$) issued daily by the London-based Baltic Exchange up 2.25 percent week on week. BDI cl ...
Friday, 12 September 14
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALED 673.3 MMST, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
Thursday, 11 September 14
THE PANAMAX MARKET IS TAKING A BREATHER - FEARNLEYS
Handy
We have experienced more activity in both hemispheres this week, said Fearnleys in this week's weekly report.
"We see rates c ...
Wednesday, 10 September 14
ARE GREEK BANKS ON THE VERGE TO START LENDING AGAIN? - JOHN N. COTZIAS
It is well known that Greek Banks had suffered severely after the economic crisis of 2008. From that period onwards, major changes have occur ...
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- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Deloitte Consulting - India
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- Savvy Resources Ltd - HongKong
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- Simpson Spence & Young - Indonesia
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- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Planning Commission, India
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- The University of Queensland
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
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