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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, 21 April 14
DRY BULK MARKET UPS AND - MOST RECENTLY - DOWNS OFFERS NO ROOM FOR RELAXING AMONG DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's latest demise, with the market retrating once again, since the end of March, has come at a time, when most ship owners ...
Sunday, 20 April 14
FREIGHT RATES END WEEK ON WEAK NOTE - VISTAAR
Wish you all Happy Easter.
The freight market continued to its downwards as BDI was fell 7.187 percent to 930 points week on week.
The ...
Friday, 18 April 14
US WEEKLY COAL PRODUCTION DECLINED BY 1% TO 18.9 MMST
COALspot.com – United States the world's second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal i ...
Thursday, 17 April 14
DRY BULK MARKET ON RETREAT MODE, WHILE NEWBUILDING ORDERING ACTIVITY STALLS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on retreating this week, a pattern which emerged since late March. Yesterday the BDI (Baltic Dry Index) ended yet a ...
Wednesday, 16 April 14
INDONESIA'S FEBRUARY 2014 COAL EXPORT VOLUME FELL 2.41%
COALspot.com: Indonesia, the world 4th largest coal producer and the global largest multi grade coal exporter shipped around $1.77* billio ...
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- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- PTC India Limited - India
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
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