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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, 12 March 14
DRY BULK VESSELS STILL THE CREAM OF THE CROP FOR SHIP OWNERS
Dry bulk carriers have remained the most popular vessel type among ship owners as proven by the sheer number of second hand vessel sales and new ...
Tuesday, 11 March 14
HOLD HARMLESS CLAUSES ARE NOT ALWAYS MUTUAL! - ITIC
KNOWLEDGE TO ELEVATE
ITIC provides an insurance related contract review service to all of its members. As the leading professional indemnity i ...
Tuesday, 11 March 14
NEWCASTLE SHIPPED 6.98% LESS COAL WEEK ON WEEK
COALspot.com: In the week ended 10 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2 ...
Tuesday, 11 March 14
INDONESIAN SUB-BITUMINOUS COAL SWAPS CONTINUES TO FALL
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 slip again thi ...
Monday, 10 March 14
API 8 CFR SOUTH CHINA COAL SWAPS LOST 4.28 PERCENT MONTH ON MONTH FOR Q2 DELIVERY
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 4.28 percent month on month and closed at US$ 73.97 per mt as on Fr ...
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- Borneo Indobara - Indonesia
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- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
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- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
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- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
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- Baramulti Group, Indonesia
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- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
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- Minerals Council of Australia
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- Ministry of Finance - Indonesia
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- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
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- Romanian Commodities Exchange
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- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
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- Interocean Group of Companies - India
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- New Zealand Coal & Carbon
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- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
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- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
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- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
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- Energy Link Ltd, New Zealand
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- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
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- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Orica Australia Pty. Ltd.
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- Tamil Nadu electricity Board
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- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
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- Economic Council, Georgia
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- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
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- Indian Oil Corporation Limited
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- Sinarmas Energy and Mining - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
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- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
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- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
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