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Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
 COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. 4/2009 (the “Mining Law”) regarding the determination of mining areas. The decision was issued in response to the judicial review request submitted by the East Kutai Bupati.
Prior to the Constitutional Court decision, the Mining Law required the Central Government to map mining areas (in terms of Mining Areas, Mining Business Areas, and Mining Business Licence Areas) after consultation with Regional Governments and the Parliament. Until the mapping of such areas is complete there were to be no new mining business licences (Ijin Usaha Pertambangan or IUP) issued.
The Court’s decision means that determination of mining areas now has to be done in two steps, first by the Regional Government and then by the Central Government (after discussion with the Parliament). We understand that the Central Government had not completed the mine area mapping process prior to the decision. This new procedure may hold up the finalization of mining area mapping which will lead to further delays in the issuance of new IUPs.
One responsibility that has not been transferred to Regional Governments is the determination of State Reserve Areas, or areas where mining activities are prohibited for an unspecified period. Determining State Reserve Areas will remain the responsibility of the Central Government. This may result in conflicts and overlaps between State Reserve Areas and Mining Business Licence Areas where there is no coordination between the Central and Regional Governments. The Constitutional Court decision does not stipulate any means to resolve potential overlaps.
About Tjen She Siung
She Siung is a Tax Director with PwC Indonesia. He has been providing tax services to a wide range of multinational and domestic companies, focusing on the Energy Utilities and Mining sector. He has an in-depth knowledge of the full range of Indonesian tax issues, including corporate income tax, VAT and withholding taxes.
Publications related to the Indonesia Energy Utilities and Mining sector can also be accessed at PwC Indonesia's website.
For further queries you can contact She Siung at tjen.she.siung@id.pwc.com
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Monday, 17 December 12
SHIP PRICES TO BOTTOM OUT IN 2013 SAYS GEORGE D. GOURDOMICHALIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship values especially in older tonnage, or even modern vessels with poor quality are expected to fall further during 2013, with the market as a who ...
Monday, 17 December 12
SYNERGISING WITH PIONEERS TO DEVELOP TOMORROW'S LATIN AMERICAN RAILWAYS
Press Release: Brazil being one of the largest country in South America has one of the most dynamic rail markets in the world. Rail transport in Bra ...
Sunday, 16 December 12
FREIGHT TREND SOFTENED THIS WEEK - VISTAAR
COALspot.com - The freight market further softened this week and closed at 784 points (down by 18.84 pct). The cape index had the biggest fall ...
Friday, 14 December 12
GMR GROUP OF INDIA TO IMPORT 100K MT OF 4800 GAR COAL
COALspot.com: GMR Group of India to invite bids for 100,000 Metric Tons of imported non coking coal to be delivered during January and February 2013 ...
Thursday, 13 December 12
HANDY : WCI-CHINA RATES AROUND $ 6000 AND ECI-CHINA AROUND $ 4000 - FEARNLEYS
Handy
Atlantic market remained unchanged. Rates from USG to Feast were around USD 18k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates ...
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- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Australian Coal Association
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
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