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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, 18 July 13
DRY BULK MARKETS RETAINS RECENT GAINS, MOVES SIDEWAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on moving sideways this week, as evidenced by the latest trends of the industry's benchmark, the Baltic Dry Index (BDI ...
Wednesday, 17 July 13
NEWCASTLE COAL EXPORTS FELL 3.85% ON WEEK
COALspot.com: Newcastle port in Australia has loaded 2,860,149 tons of coal for the week ended 0700 hours 15 July 2013, Newcastle Port Corp. s ...
Wednesday, 17 July 13
TORN BETWEEN A CREDIT CRUNCH AND SUSTAINABLE GROWTH - GEORGE DERMATIS
COALspot.com: In 2012 China expanded at a rate of 7.8%, its worst annual performance in 13 years, raising criticism over the newly appointed governm ...
Tuesday, 16 July 13
TAKE - OR - PAY CONTRACTS CONTINUE TO INCENTIVISE AUSTRALIAN COAL PRODUCERS DESPITE POTENTIAL NEGATIVE CASH MARGINS - WOOD MACKENZIE
Australia's coal production has continued to grow, despite lower coal prices in 2013. Global investors and suppliers are therefore questioning whet ...
Monday, 15 July 13
INDONESIAN GOVERNMENT HAS REVISED DOWN ITS JULY BENCH-MARK COAL PRICE TO US$ 81.69 PER MT
COALspot. com - Indonesian Coal Price Reference dropped 3.75 % and hitting a 2013 low. The Indonesian government has revised down its owned coal ben ...
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Showing 4206 to 4210 news of total 6871 |
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- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- The University of Queensland
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Australian Coal Association
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
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