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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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Sunday, 01 September 13
INDONESIA TO INDIA SPOT FREIGHT STAYS FIRM THIS WEEK - VISTAAR
COALspot.com: The freight market continued to be firm with even though the BDI and Cape index dropped by about 3 pct week on week.
The BDI was do ...
Friday, 30 August 13
US COAL PRODUCTION FELL 0.48 PERCENT WEEK ON WEEK - EIA
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.70 million short tons (mmst) of ...
Thursday, 29 August 13
HANDY: THE PACIFIC MARKET STARTED HEALTHY THIS WEEK - FEARNRESEARCH
Handy
The Pacific market started healthy this week. We have seen many bauxite, iron ore and few coal fixtures. Ships passing Singapore were able to ...
Thursday, 29 August 13
NO RATING IMPACT ON INDONESIAN ENERGY COMPANIES FROM RUPIAH DEPRECIATION - FITCH RATINGS
Fitch Ratings says the credit profiles of rated Indonesian energy and utilities companies, including thermal coal producers, will largely remain una ...
Wednesday, 28 August 13
THE BDI HAS MOVED TO LEVELS CONSIDERABLY STRONGER THAN THE BEGINNING OF THE YEAR - INTERMODAL
By George Bassakos
SnP Broker - Intermodal
We have already reached the end of August and whilst students are preparing themselves for another sc ...
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- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Planning Commission, India
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
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