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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, 30 May 13
HANDY: RBCT ROUND WAS AROUND USD 9K + 300 BB - FEARNRESEARCH
Handy
THE Atlantic market remained flat. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 12k. The Pacific market remained quiet with no ...
Wednesday, 29 May 13
SHIP OWNERS KEEP ON SPENDING ON NEWBUILDINGS AS PRICES ARE DEEMED TOO LOW TO RESIST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It's been yet another week on increased newbuilding ordering activity with Hellenic ship owners appearing rathe active, on the back of attractive f ...
Tuesday, 28 May 13
NEWCASTLE PORT SHIPPED 9.76 PERCENT MORE COAL W/E 27 MAY 2013
COALspot.com - Newcastle port in Australia has loaded 2,420,366 tons of coal for week ended 0700 hours 27 May 2013, Newcastle Port Corp. said ...
Sunday, 26 May 13
AMPLE SUPPLY, LOW DEMAND KEEP COAL PRICES UNDER PRESSURE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 0.07 percent and API 8 CFR South China Coal shipment los ...
Friday, 24 May 13
ENGAGEMENT WITH POTENTIAL STRATEGIC AND OFF TAKE PARTNERS ACCELERATING - REALM RESOURCES
COALspot.com - Following the recent completion of the Feasibility Study, the Realm Resources Ltd. (ASX: RRP) has focused on securing strategic ...
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- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
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