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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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Saturday, 22 December 12
FALL IN CAPE AND PANAMAX RATES DRAG BDI INDEX - VISTAAR
COALspot.com - The freight market further softened this week closing at 700 points (down by 10.71 pct). The cape index continued to fall and w ...
Saturday, 22 December 12
DELTA DUNIA MAKMUR PRODUCED 3.2 MILLION TONS OF COAL IN NOVEMBER' 12
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 28.1 million bcm* (+1.8% YoY) of Overburden in November 2012 while coal production was at 3.2 ...
Friday, 21 December 12
JORC CODE, 2012 EDITION NOW FINALIZED
COALspot.com - The JORC Committee has announced that, the completion of the review of the JORC Code of 2012 Edition.
The JORC Code, 2012 Ed ...
Thursday, 20 December 12
COAL CLOSING IN ON OIL AS WORLD'S TOP ENERGY SOURCE BY 2017
COALspot.com - Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’ ...
Thursday, 20 December 12
CHINA'S IRON ORE AND COAL DEMAND WILL SHAPE THE CAPESIZE DRY BULK TRADE DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the best efforts from ship owners to help alleviate the current tonnage oversupply issue in the dry bulk segment, especially in the larger v ...
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- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Australian Coal Association
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
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