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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, 16 June 14
API 8 CFR SOUTH CHINA COAL SWAPS FALL CONTINUES THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 4.34 percent month on month and closed at US$ 71.05 per mt a ...
Sunday, 15 June 14
COAL FREIGHT RATES FALL FURTHER ON LACK OF DEMANDS - CAPT. REDDY
COALspot.com: The BDI softened this week as all segments fell this week. The Panamax sector being most affected. The Cape index was down 3.51 pct w ...
Friday, 13 June 14
US COAL PRODUCTION FELL 3% IN WEEK THAT ENDED JUNE 7, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 18.6 million short tons (mmst) of coal in a ...
Friday, 13 June 14
DRY BULK MARKET KEEPS ON FALLING, DESPITE RESPITE OF THE CAPESIZE SECTOR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on its lacklustre performance overall, with the Baltic Dry Index (BDI) still hovering below the 1,000 point mark. Yest ...
Thursday, 12 June 14
INDONESIA SETS HBA FOR MONTH OF JUNE AT US$ 73.64
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has revised up first time in last four months the coal bench mark price. ...
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- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- The University of Queensland
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
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