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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, 15 February 13
2ND ANNUAL INDONESIA MINING 2013 CONFERENCE
Bringing Indonesia's Mining Stakeholders Together Towards Improving Mining Investment Climate & Operations
Following the success of th ...
Friday, 15 February 13
SCRAPPING TO RISE AS BULKER OWNERS SUFFER - DREWRY MARITIME RESEARCH
Drewry's latest Dry Bulk Forecaster report suggests that cash-strapped shipowners will scrap younger and younger ships this year as the dry bulk ma ...
Thursday, 14 February 13
HANDY: ATLANTIC "STABLE"; PACIFIC "QUIET" - FEARNLEYS
Handy
The Atlantic remain stable with rates for FH from USG around USD 18k. The Pacific remains quiet due to Chinese New Year holidays. Rates were ...
Thursday, 14 February 13
BIMCO FORECASTS MOSTLY HIGHER DRY BULK RATES FOR THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Higher steel demand is expected to keep dry bulk rates elevated during the next six weeks, according to the latest BIMCO forecast. The Organization ...
Wednesday, 13 February 13
6TH ANNUAL CBM CONFERENCE
The 6th Annual CBM conference which will be held in Singapore on 18-21 June 201 offers comprehensive insights into leading CBM projects in the Asia- ...
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- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- The University of Queensland
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
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