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Wednesday, 26 December 12
UPDATE ON EXPORT BAN ON RAW MINERALS AND ORE - RITA SUSANTO
COALspot.com - In May 2012, the Minister of Energy and Mineral Resources (“MoEMR”) in Regulation No.7 (“Reg-7”, amended by Regulation No.11), introduced an export ban for unprocessed ore. This was for the intended purpose of ensuring an adequate supply of minerals for the domestic market and encouraging the development of domestic processing facilities. Further implementing regulations were issued during the year to provide more guidance on the requirements on the export of minerals.
In mid 2012, the Indonesian Nickel Association filed a judicial review to the Supreme Court against the restrictions imposed in Reg-7. A decision was issued in September, where the Supreme Court revoked several Articles in Reg-7 (being Articles 8(3), 9(3), 10(1) and 21). The exact details of the relevant decision however have not been made publicly available by the Supreme Court to date.
The first three articles that were revoked (i.e. Articles 8(3), 9(3) and 10(1)) mainly dealt with the requirement for approval from the Director General of Minerals and Coal (“DGMC”) in respect of “cooperation” for minerals processing and the need for consultation with the DGMC if the project is not economic or cooperation is not viable.
Article 21 dealt with the export ban on raw minerals and ore with effect from 6 May 2012. With the revocation of this article, the export ban is effectively lifted but it appears that the other requirements in relation to the export of raw minerals and ore are still in force (for example, the need for an export permit from the Ministry of Trade, an export “recommendation” from the DGMC and the payment of a 20% export duty).
In response to the above, the MoEMR is currently drafting a new regulation to govern this area. We will provide an update on the details of the Supreme Court decision, and the revised MoEMR regulation, in a future.
About Rita Susanto
Rita is a Manager with PwC Indonesia. She has been providing various tax services to multinational and domestic companies, focusing on the Energy Utilities and Mining sector. She 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 Rita at rita.susanto@id.pwc.com
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Monday, 28 January 13
BAYAN RESOURCES TO SELL 18 MILLION TONS OF COAL TO GNPOWER MARIVELES COAL PLANT
Publicly-listed PT Bayan Resources announced on Friday that it had signed an agreement on coal sales with Philippine-based GNPower Mariveles Coal Pl ...
Sunday, 27 January 13
CFR SOUTH CHINA COAL SWAPS: WEAK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has gained 0.31 percent and CFR South China coal shipment&nbs ...
Sunday, 27 January 13
FREIGHT MARKET: FLAT TO SOFT - VISTAAR
COALspot.com - The freight market was soft and all the indices were down except for handy size.
The BDI was down 4.66 pct closing at 798 points.. ...
Friday, 25 January 13
BOTSWANA GOVERNMENT GRANTS COAL LICENSES TO A-CAP RESOURCES LIMITED
A-Cap Resources Limited has announced that it has been granted coal rights within its Bolau tenements which sit next to the Sese Coal and Power Proj ...
Friday, 25 January 13
SMALL ROOM FOR OPTIMISM FOR THE PROSPECTS OF THE DRY BULK MARKET AS NET FLEET GROWTH IS SLOWING DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market didn't manage to post a rebound during the past year, quite the opposite, as a fast fleet growth and slow ...
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- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Planning Commission, India
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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