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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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Thursday, 17 October 13
CHINA'S COAL IMPORTS DOWN 9.4% TO 25.96 MMT IN AUGUST
COALspot.com: China's August Imported coal volumes down 9.4% m-m but up 27% y-y, BNP said in its latest China Coal & Power report released on 1 ...
Wednesday, 16 October 13
NEW STRATEGIES AND OPPORTUNITIES IN A RAPIDLY EVOLVING COAL INDUSTRY
The 12th Annual Coal Markets assumes even more significance as the industry seeks more market information, inputs on trade strategies, supply and de ...
Wednesday, 16 October 13
CAPES: RATES DROPPED; PANAMAX: ADVANCED - INTERMODAL
After a month and a half of straight weekly positive closings, the BDI has finished the week in the red. Monday started slow as holidays in the East ...
Wednesday, 16 October 13
WILL THIS LATEST DRY BULK MARKET UPTREND PROVE TO BE AS LONG-LIVED OR JUST ANOTHER MOMENTARY SPIKE? - CHRISTOS MANZTIOS
COALspot.com: So here we are again facing the same old question: Will this latest market uptrend prove to be as long-lived as all owners hope or jus ...
Wednesday, 16 October 13
KOSEP TO IMPORT 0.49 MILLION TONS OF 4600 NAR COAL FOR JAN - FEB '14
COALspot.com - Korea South-East Power Co., a Korean generator and distributor of electricity on behalf of five Korean Gencos intends to procure 490, ...
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- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
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