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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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Friday, 19 April 13
FIRST QUARTER OF 2013 PROVEN A POSITIVE SURPRISE FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite ominous predictions regarding the negative performance of the dry bulk market during the – traditionally weak anyway – first qua ...
Thursday, 18 April 13
HANDY: STABLE ; PANAMAX: BUSY WEEK - FEARNRESEARCH
Handy
The Atlantic markets remain stable in this week. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 12k. The Pacific market is bit f ...
Thursday, 18 April 13
FEATURE: PREDICTING THE FUTURE - AND THE PAST - BIMCO
It’s not predicting the future that is problematical, it’s the realisation that you have to relive the past again and again when you fai ...
Wednesday, 17 April 13
INDONESIA SHIPPED 80 MILLION TONS OF COAL IN FIRST QUARTER - COAL DIRECTOR
COALspot.com - Indonesia has exported around 80 million tons of coal including power plant coal in first three months of this year.
Speaking on t ...
Tuesday, 16 April 13
AUSTRALIAN NEWCASTLE PORT'S COAL EXPORTS JUMPED 20.87 PER CENT ON WEEK TO 3.07 MMT
COALspot.com - Newcastle port in Australia has loaded 3,077,431 tons of thermal and coking coal for week ended 0700 hours 15 April 2013, Newca ...
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Showing 4311 to 4315 news of total 6871 |
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- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
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