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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, 23 June 14
INDONESIAN COAL SWAP FOR Q3 DELIVERY LOST 8.60% Y-O-Y;4.80% M-O-M
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
Monday, 23 June 14
COAL SWAPS DROPS FURTHER MONTH ON MONTH ON WEAK DEMAND
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 6.91 percent month on month and closed at US$ 69.00 per mt a ...
Sunday, 22 June 14
THE PANAMAX COAL FREIGHT FROM INDONESIA TO INDIA SLIPPED THIS WEEK
COALspot.com: The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell slightly on Friday ...
Friday, 20 June 14
DRY BULK MARKET LOOKING FOR UPSIDE ON ROBUST SEABORNE IRON ORE TRADE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market hasn’t been able to justify the heightened expectations this year. Yesterday, the Baltic Dry Index managed to inch forwar ...
Friday, 20 June 14
US WEEKLY COAL PRODUCTION DROPS 1.8% WEEK ON WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 18.3 million short tons (mmst) of coal in a ...
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- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
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- Parliament of New Zealand
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- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
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- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
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- Bhoruka Overseas - Indonesia
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- Central Electricity Authority - India
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- Interocean Group of Companies - India
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- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
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- Merrill Lynch Commodities Europe
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- International Coal Ventures Pvt Ltd - India
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- IHS Mccloskey Coal Group - USA
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- Ministry of Transport, Egypt
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- Alfred C Toepfer International GmbH - Germany
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- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
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- Eastern Coal Council - USA
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- Planning Commission, India
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- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
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- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
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- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
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- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
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- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Africa Commodities Group - South Africa
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- PTC India Limited - India
- Electricity Authority, New Zealand
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- Mercator Lines Limited - India
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- Trasteel International SA, Italy
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- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
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- Chamber of Mines of South Africa
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- Australian Coal Association
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
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- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Petron Corporation, Philippines
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- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
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- Indian Oil Corporation Limited
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- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
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- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Deloitte Consulting - India
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- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
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- GVK Power & Infra Limited - India
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- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
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- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
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- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
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- Minerals Council of Australia
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- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
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- Therma Luzon, Inc, Philippines
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