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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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Friday, 14 March 14
US, THE WORLD'S SECOND LARGEST COAL PRODUCER MINED 75.3 MMST OF COAL IN FEBRUARY; DOWN 10.88% M-M
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.7 million short tons (mmst) of coal ...
Thursday, 13 March 14
HANDY: THE FAR EAST MARKET IS IN AN UPWARD TREND - FEARNRESEARCH
Handy
Atlantic is a bit under pressure for spot tonnage, but the underlying sentiment is positive for the short medium future. 2-3 legs are do ...
Thursday, 13 March 14
MARKET INSIGHT - CHRISTOPHER T. WHITTY
By Christopher T. Whitty
Marketing Manager
Cotzias Intermodal Shipping Inc.
During the last year we have noticed that a fair number of ...
Wednesday, 12 March 14
ADARO ENERGY IMPROVES EFFICIENCY AND GENERATED STRONG EBITDA IN 2013
COALspot.com: PT Adaro Energy Tbk, Indonesia's single largest coal miner posted revenue of US$ 3.28 billion and cost of revenue of US$ 2.54 ...
Wednesday, 12 March 14
DGOMC OF INDONESIA REVISED DOWN THE BENCHMARK PRICES FOR COAL BY 4.26% IN MARCH
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has revised down the government's declared coal bench mark price ...
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- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Australian Coal Association
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- PTC India Limited - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- CNBM International Corporation - China
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Trasteel International SA, Italy
- The University of Queensland
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
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