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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, 05 March 12
SOME RESOURCE TITANS NOT THRILLED WITH INDONESIAN EXPORT BAN - THE JAKARTA GLOBE
The Jakarta Globe reported that, local representatives of major business associations in East Kalimantan have protested a government regulation that ...
Monday, 05 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
An air of optimism poured in the market this week for dry bulk shippers with the Baltic Dry Index recording daily gains during the end of February b ...
Sunday, 04 March 12
SE ASIA WAS FIRM FOR TRIPS TO INDIA AND CHINA - VISTAAR
COALspot.com - This week saw another upward trend with all indices up and generally market was firm.
The BDI was up by 7.38 pct closing at 771 po ...
Friday, 02 March 12
DJMBP HAS ANNOUNCED SECOND BATCH OF CLEAR N CLEAN CERTIFIED MINERS
COALspot.com - The Directorate general of mineral & coal of Indonesia has announced second batch of companies who have passed IUP Clear and Clea ...
Thursday, 01 March 12
BUKIT ASAM TARGETS EUROPEAN INVESTORS
COALspot.com - PT. Bukit Asam (persero) Tbk, Indonesian state owned coal miner is planning to conduct road show in Europe next week to target at Eur ...
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Showing 4826 to 4830 news of total 6871 |
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- Planning Commission, India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- PTC India Limited - India
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Australian Coal Association
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- The University of Queensland
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
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