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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, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced& ...
Thursday, 28 February 13
SHIP OWNERS EXPECTED TO FACE A CHALLENGING YEAR, DESPITE THE FALL OF NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Tonnage oversupply and a lagging growth in world trade demand are expected to keep shipping in the "red", despite a series of measures ado ...
Thursday, 28 February 13
PANAMAX : MARKET HAS SEEN A GOOD UPTURN OVER THE LAST WEEK - FEARNLEYS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The ...
Wednesday, 27 February 13
NEWCASTLE PORT IN AUSTRALIA SHIPPED 0.358 MILLION MT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,178,869 MT of thermal and coking coal for week ended 0700 hours 25 February 2013, Newc ...
Wednesday, 27 February 13
NEWLEAD HOLDINGS LTD. ANNOUNCES COAL SUPPLY AND DELIVERY CONTRACT
NewLead Holdings Ltd. yesterday announced that the Company has signed an agreement to supply and deliver 1.48 million metric tons of steam coal to a ...
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- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- The University of Queensland
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
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