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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, 20 June 13
CAPESIZE : FINALLY A SUBSTANTIAL IMPROVEMENT IN RATES! - FEARNLEYS A.S
Handy
Atlantic market kept a steady curve from last week. US Gulf positions fetched tick above USD 21k for Cont/Skaw direction, and vessels fixed f ...
Wednesday, 19 June 13
NEWCASTLE SHIPPED 16.05 PERCENT LESS COAL W/E 17 JUNE 2013
COALspot.com - Newcastle port in Australia has loaded 2,606,071 tons of coal for the week ended 0700 hours 17 June 2013, Newcastle Port Corp. ...
Sunday, 16 June 13
WEAK DEMAND KEEPS COAL PRICES LOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 2.94 percent week on week but gained 0.06 percent ...
Saturday, 15 June 13
S7 AND S8 ROUTES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week freight movement was fairly firm with news of China is rebuilding iron ore stockpiles, and ease import rules. Cape and Pana ...
Saturday, 15 June 13
SHIPPING CONFIDENCE REACHES HIGHEST LEVEL FOR TWO AND A HALF YEARS - MOORE STEPHENS
Overall confidence levels in the shipping industry rose to their highest level for two and a half years in the three months ended May 2013, accordin ...
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- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
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