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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, 08 June 12
NO IMMEDIATE IMPACT ON ADARO'S RATING FROM BEP TRANSACTION - FITCH RATINGS
Fitch Ratings has said that PT Adaro Indonesia's (Adaro, 'BB+'/ Stable) ratings are not immediately affected by its parent PT Adaro Energy Tbk's ...
Thursday, 07 June 12
DRY BULK MARKET FALLS FOR 10 STRAIGHT SESSION ON OVERSUPPLY PROBLEMS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A resurgence of oversupply, coupled with national holidays in various parts of the world has contributed to yet another fall of the dry bulk market ...
Thursday, 07 June 12
COAL EXPORT TAX NOT RATIONAL: MINISTER - THE JAKARTA POST
Trade Minister Gita Wirjawan has criticized as irrational the idea to restrict coal exports by imposing an export tax, According to The Jakarta post ...
Thursday, 07 June 12
BY 2022 PLN IS EXPECTED TO BURN AROUND 125 MILLION TONS OF COAL
COALspot.com - Indonesia's state owned electricity company's (PLN) coal consumption is expected to reach 125.7 million tons by 2012.
Nur Pamudj ...
Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month ...
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- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Planning Commission, India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Siam City Cement - Thailand
- MS Steel International - UAE
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- The University of Queensland
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
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