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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, 23 April 14
KOMIPO INVITES BIDS FOR LOW VOLATILE BITUMINOUS COAL
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 90,000 Metric Tons (MT) of low volatile bit ...
Tuesday, 22 April 14
INDONESIAN MARCH COAL EXPORT VOLUME SURGE 9.12% TO 35.54 MMT
COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.9 ...
Tuesday, 22 April 14
NEWCASTLE WEEKLY COAL EXPORTS FELL 13.33% THIS PAST WEEK
COALspot.com: In the week ended 07:00 hours 21 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensl ...
Monday, 21 April 14
Q1'15 SUB-BIT FOB INDONESIA COAL SWAP SHOWING A POSITIVE TREND
COALspot.com: Indonesian coal swaps for average Q2’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
Monday, 21 April 14
Q4 2014 AND Q1 2015 COAL SWAPS CLOSED MARGINALLY HIGHER COMPARED TO Q2 PRICES
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries gained 0.87 percent month on month and closed at US$ 76.15 per mt as ...
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- Neyveli Lignite Corporation Ltd, - India
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- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
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- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
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- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
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- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
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- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- VISA Power Limited - India
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- New Zealand Coal & Carbon
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- Electricity Authority, New Zealand
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- Bangladesh Power Developement Board
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- Global Coal Blending Company Limited - Australia
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- ICICI Bank Limited - India
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Port Waratah Coal Services - Australia
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- Kumho Petrochemical, South Korea
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- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
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- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- White Energy Company Limited
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
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- Medco Energi Mining Internasional
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- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
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- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
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- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- PTC India Limited - India
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- McConnell Dowell - Australia
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- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
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