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Sunday, 10 March 13
INDONESIA'S FORESTRY DEPARTMENT IS TO INCREASE BORROW-TO-USE PERMITS (IJIN PINJAM PAKAI) FEE SOON
 COALspot.com : Indonesia to increase borrows-to-use permit fees by 33.33 percent. The government of Indonesia is planning to increase the state’s non-tax revenues (PNBP) by raising the fee for a borrow-to-use permit (Ijin Pinjam Pakai) from Indonesian Rupiah 3 million (approximately US$ 309.85) to Indonesian Rupiah 4 million (approximately US$ 413.13) per hectare per annum. According to the government regulation, no. 2 of 2008 IPPKH, a tariff of Rp. 3 million (approximately US$ 309.85) per hectare, to be paid to obtain a borrow-to-use permit, in particular for mining activities.
The fee increase will be varied depends on industry. However, the highest increase will be for mining activities. This increase of permit fee is part of implementation of Law. 41/1999 on Forestry, according to minister of Forestry.
The minister of Forestry recently said to media that, "Currently we are waiting for the Government Regulation." According to him, Indonesian cabinet has agreed to increase fee and waiting for government regulation, which has to be signed by President of Indonesia.
Media reports further said that, Indonesian Ministry of Forestry had issued 735 (total) borrow-to-use permits (Ijin Pinjam Pakai) as of January 2013.
466 permits issued specifically for exploration purpose covering around 2.434 million hectares related to oil and gas, metals, other minerals, coal, mineral C, geothermal and mine infrastructure industry. In addition to that, Ministry also has issued another 369 permits for exploitation purpose covering 366,703 hectares.
According to an Article, 50 paragraphs (3) of Law no. 41 Years 1999 on Forestry ("Law 41/1999") any activity in forestry area is prohibited before obtaining the permit from the competent authority (the Ministry of Forestry). Prior to obtain the borrow-to-use permits, the mining activities, including exploration should not be conducted.
The company which violates the provisions is subject to criminal sanctions under Article 78 of Law 41/1999, such as including but not limited to imprisonment (for the director or authorized to represent the company) and fines and also confiscation of machineries, heavy equipments and other equipment used to explore, exploit and transport.
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Tuesday, 19 March 13
SHIP PRICES COULD BE CLOSING IN TO REACH THEIR BOTTOM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the latest developments in shipping asset prices has been the reluctance from shipyards to further reduce their price expectations to higher ...
Sunday, 17 March 13
A WEAK WEEK FOR SUB-BIT INDONESIA COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 2.11 percent and CFR South China coal shipment ...
Sunday, 17 March 13
COAL FREIGHT RATES STEADY ON HIGHER DEMAND - CAPT. REDDY
COALspot.com - This freight market continued to remain firm in all segments.
The BDI was up by 5.81 pct closing at 892 points. Cape index was up ...
Friday, 15 March 13
CHEAP SHIP VALUATIONS DON'T NECESSARILY MEAN ATTRACTIVE SAYS VESSELS VALUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship prices plunging by double-digits in the past few years, many ship owners are pondering their next moves in a market often described as att ...
Thursday, 14 March 13
SUPRAMAX : INDO - INDIA TRIP RATE IS AROUND $10,000; SOUTH CHINA $9500 - FEARNRESEARCH
Handy
Indian market is still quiet in respect of export of iron ore. WC India market has improved with a few stems out of the MEG, WC India opening ...
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- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
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