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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, 21 February 13
SPRING COAL PROCUREMENT 2013 IS ABOUT TO TAKE PLACE
In 2012, “Steady Growth” had set the keynote for China’s economic development. Guided by the principle of progressing steadily, do ...
Wednesday, 20 February 13
BAKRIE GROUP LOOKS TO HAVE A CLEAR UPPER HAND - LUCKY ARIESANDI, CFA
The Bakrie-Rothschild saga is entering its final stage, with Bumi Plc (BUMI LN)’s holders to convene on 21 Feb at 11am GMT to vote on Nat Roth ...
Tuesday, 19 February 13
NEWCASTLE PORT SHIPPED 38.65 PERCENT LESS COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 1,820,559 MT of thermal and coking coal for week ended 0700 hours 18 February 2013, Newc ...
Monday, 18 February 13
78.75 MILLION TONS OF COAL RESERVES ARE NEWLY PROVEN IN WUGANG HUNAN PROVINCE
COALspot.com - Recently, Wugang City, known as the CHINA hundred key coal producing cities, achieved new breakthroughs in coal exploration: deep coa ...
Sunday, 17 February 13
STEEL DEMAND WILL HELP TO PUSH UP FREIGHT RATES - VISTAAR
COALspot.com - This freight market has been fairly steady week ended 15 February 2013.
The BDI was slightly up by 0.67 pct closing at 753 points ...
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- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
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- GAC Shipping (India) Pvt Ltd
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- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
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- White Energy Company Limited
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- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
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- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
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- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- MS Steel International - UAE
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
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- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
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- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Trasteel International SA, Italy
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- Minerals Council of Australia
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- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Posco Energy - South Korea
- Planning Commission, India
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
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- Attock Cement Pakistan Limited
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- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
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- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
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- Samtan Co., Ltd - South Korea
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- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
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- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
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- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
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- Chamber of Mines of South Africa
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- SMG Consultants - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- PowerSource Philippines DevCo
- Xindia Steels Limited - India
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