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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, 30 June 14
WEEKLY CFR SOUTH CHINA COAL SWAPS DECLINE CONTINUES; Q1'15 LOST US$ 4.55 PMT IN A WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in Q3 fell US$ 5.25 month on month on Friday, dipping under $69 a tone. The CFR South Ch ...
Monday, 30 June 14
INDO - INDIA FREIGHT RATES CONTINUE TO WEAK
COALspot.com: The latest dry Index shows that average all-in spot freight declined, the Panamax and Supramax slipping by 9.11 percent and 4% respec ...
Friday, 27 June 14
DRY BULK MARKET STILL LOOKING FOR UPSIDE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept up its lacklustre performance during the past week, as evidenced by the course of the Baltic Dry Index (BDI). The BDI ...
Thursday, 26 June 14
PANAMAX : A PACIFIC ROUND PAYS AROUND US$ 3K DAILY - FEARNLEYS AS
Handy
In the Atlantic there has been little activity which again has caused rates to slip across all trades. TA´s are now down to US$ 5,500 ...
Thursday, 26 June 14
KOMIPO INVITES BIDS FOR TOTAL 750K MT OF BITUMINOUS COAL FOR 3CY
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) has issued a new tender for supply of total 250,000 MT of bituminous co ...
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- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Xindia Steels Limited - India
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- The University of Queensland
- Planning Commission, India
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
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