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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, 07 July 13
COAL PRICES REMAIN UNDER PRESSURE
COALspot.com – Coal swaps for the year 2014 indicate that, the pressure on coal prices will continue at least until next year. Ave ...
Friday, 05 July 13
THE DRY BULK MARKET IS GOING FROM STRENGTH TO STRENGTH - INTERMODAL
The Capesize sector has been one that has gone through a wild rollercoaster of emotions this past decade, ranging from the exuberance witnessed duri ...
Thursday, 04 July 13
CHALLENGER SIGNS FORMAL EXCLUSIVE MINING AND MARKETING AGREEMENT FOR ABBR PROJECT IN CENTRAL KALIMANTAN
COALspot.com - Challenger Deep Resources Corp., through its subsidiary PT Bestindo Energy has signed the formal exclusive Mining and Marketing agree ...
Thursday, 04 July 13
ASX LISTED QBL TO ACQUIRE INTERESTS IN MOZAMBIQUE COAL EXPLORATION LICENSES
- QBL to acquire interests in two Mozambique exploration licences prospective for coal
- Licenses located in the highly prospective Zambezi basin, ...
Thursday, 04 July 13
HANDY : INDO/CHINA, CHARTERERS RATING AROUND US$ 10,000 - FEARNLEYS AS
Handy
The Feast market firmed slightly up as mid-July cargos entered the market, but charterers seems not in hurry to cover them and looking for ch ...
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- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
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- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
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- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
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- Semirara Mining Corp, Philippines
- Parliament of New Zealand
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- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
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- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
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- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
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- Minerals Council of Australia
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- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
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- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Indonesian Coal Mining Association
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
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- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
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- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
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- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
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- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
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- Sical Logistics Limited - India
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