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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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Tuesday, 21 February 12
THREAT ISSUED ON MINERAL FIRMS AS GOVT PLANS EXPORT BAN - THE JAKARTA POST
The Jakarta Post, one of the leading english news papaer in Indonesia reported that, the government has given mineral producers three months to subm ...
Monday, 20 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU
The dry market experienced one more disappointing week with tonnage oversupply and limited cargo demand that pushes earnings for shipping players to ...
Monday, 20 February 12
JATENERGY SECURES FIRST 8000-TONNE COAL SALES CONTRACT FOR JONGKANG MINES
8000-tonne contract with Singaporean buyer signed for March delivery
50% down payment due in five working days
Production continues at both Jongka ...
Monday, 20 February 12
DIAN SWASTATIKA ACQUIRES ANDALAN LESTARI - INSIDER STORIES
Insider Stories reported that, PT Dian Swastatika Sentosa Tbk (DSSA), controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 99.83% takeove ...
Monday, 20 February 12
COAL BOOM AND ENVIRONMENTAL CONCERN - SUNIL K KUMBHAT
COALspot.com - The dawn of the 21st century has seen a shift in the world's commercial balance of power, with the dominance of the US, Europe and J ...
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- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
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