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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, 12 March 12
DRY BULK RATES WILL REMAIN LOW IN 2012 SAYS DANISH SHIP FINANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its annual shipping survey Danish Ship Finance said that the current outlook for the Dry Bulk market seems unlikely to foster higher rates in any ...
Monday, 12 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first days of March appear to be more encouraging for dry bulk operators, but the outlook is still gloomy for the rest of year with earnings for ...
Sunday, 11 March 12
FREIGHT RATES FOR INDONESIA TO INDIA WILL CONTINUE TO REMAIN FIRM- VISTAAR
COALspot.com - This week saw another upward trend with all indices up except for the Cape index.
The BDI was up by 6.87 pct closing at 824 points ...
Friday, 09 March 12
MINING IN INDONESIA: RESTRICTION ON FOREIGN INVESTMENT - SUNIL K KUMBHAT
COALspot.com - Recently Govt has passed regulation instructing foreign mining companies to reduce their ownership stake.
The regulation known as ...
Friday, 09 March 12
SHIP OWNERS LOOKING TO CHINA FOR REVIVAL, WHILE THEY KEEP SELLING OLD SHIPS FOR SCRAP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With China’s economic policy plan for the future on every ship owner’s mind, at least those involved in the dry bulk industry, the lates ...
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Showing 4811 to 4815 news of total 6871 |
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- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
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