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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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Monday, 29 October 12
US COAL EXPORTS ARE EXPECTED TO REACH 125 MILLION TONS THIS YEAR - EIA
COALspot.com - US coal exports are expected to reach 125 million tons this year, surpassing the old record of about 113 million tons set in 1981, sa ...
Sunday, 28 October 12
SUB-BIT INDONESIA COAL SWAPS (FOB ) FOR DECEMBER 2012 DELIVERY STAYED FLAT D-D
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery flat on D-D but gained 0.38 percent on W-W on Friday, 26 October 2012, ...
Sunday, 28 October 12
INDONESIA TO INDIA SUPRAMAX FREIGHT MARKET FAIRLY STEADY - VISTAAR
COALspot.com - The Cape size sector continued to remain active with iron ore movement being steady. All other sectors were down.
The BDI was up b ...
Friday, 26 October 12
SHIPPING MARKETS HEADING FOR DIVISION AND MULTI-TIER WILL BECOME THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It seems that something is expected to be fundamentally different in the way that the shipping markets will be operating in the future, according to ...
Friday, 26 October 12
DRY BULK MARKET FALLS ON WORRIES THAT RECENT RALLY WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market retreated yesterday as a result of a plunge of the Capesize dry bulk carriers' segment, after their latest rally. As a result, ...
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- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Parliament of New Zealand
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
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