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Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
 Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulations is awaited, including regulations providing further details on the status of the existing mining structures, i.e. Contract of Work (known as Kontrak Karya or KK) (“CoW”), Coal Contract of Work (known as Perjanjian Karya Pengusahaan Pertambangan Batubara or PKP2B) (“CCoW”), and Mining Concessions (known as Kuasa Pertambangan) (“KP”). While the general framework for the adjustment of CoW and CCoW is provided, Law 4/2009 remains silent on the status of KP.
As the Indonesian mining community is still waiting for legal certainty in this sector, the Government of Indonesia through the Department of Energy and Mineral Resources initiated several policies to bridge the gap during this transition period by issuing Circular Letter of the Director General of Minerals, Coal and Geothermal Energy No. 03.E/31/DJB/2009 on Permits for Mineral and Coal Mining Before The Issuance of Government Regulations As The Implementation of Law No. 4 of 2009 (“SE 3/2009”).
SE 3/2009 is dated 30 January 2009 and was issued by the Director General of Minerals, Coal and Geothermal Energy (“DGMCG”) and signed for and on behalf of the Minister of Energy and Natural Resources (“Minister”). SE 3/2009 provides several guidelines for mineral and coal mining activities as follows:
i. KPs issued prior to enactment of Law No. 4 of 2009 (“Law 4/2009”) including any escalations thereof will remain valid for the remainder of their term and are to be converted to Mining Business Permits (Izin Usaha Pertambangan or “IUP”) within one year of issuance of Law 4/2009 (i.e., by 12 January 2010);
ii. The issuance of new IUPs is suspended pending the issuance of implementing regulations;
iii. Governors and Regents are to liaise with the DGMCG in respect of the processing of all applications for escalations and
extensions of KPs in accordance with Law 4/2009;
iv. Governors and Regents must submit to the Minister all applications for KPs, whose reserved mining areas were approved
before the enactment of Law 4/2009, for evaluation and verification in order to prepare the WIUP (Mining Business Permit Territories) in accordance with national spatial planning;
v. Governors and Regents must notify KPs holders who have done exploration and exploitation stages to submit their activity plan for approval by the KP grantor with a copy to the DGMCG at the latest 6 (six) months after the enactment of Law 4/2009;
vi. All KPs issued after 12 January 2009 are null and void;
vii. The DGMCG will issue a format for Exploration (IUP Eksplorasi) and Production Business Licences (IUP Operasi Produksi);
viii. New applications and extensions for Group C Mineral Mining Permits submitted before Law 4/2009 will be processed in accordance with Law 4/2009 after coordination with Governors;
ix. Applicants for CoW and CCoW must establish an Indonesian legal entity at the latest 6 months after the enactment of Law 4/2009 in order for their IUPs to be processed.
Following the enactment of SE 3/2009, and considering that there are still uncertainties among the mining stakeholders regarding the actions to be taken prior to the enactment of the implementing regulations of Law 4/2009, the DGMCG again issued Letter No. 1053/30/DJB/2009 dated 24 March 2009 addressed to all Governors and Regents/Mayors in Indonesia (“Letter 1053/2009”).
Letter 1053/2009 sets out the format for IUP (“IUP Format”) and stipulates as follows:
i. All KPs which are still valid must be adapted to become IUP, the format of which will be based on the IUP Format;
ii. The extension of KPs will be coordinated by the DGMCG based on the IUP Format;
iii. KP applications which were submitted prior to 12 January 2009 and obtained a territory reservation (pencadangan wilayah) will be processed to IUP, but without being required to participate in a tender process;
iv. CoW and CCoW which were submitted 6 (six) months prior to the enactment of Law 4/2009 and obtained principal approval
will be adjusted to IUP and must form an Indonesian legal entity, and may undergo the next steps to commence the designated mining activities without being required to participate in a tender process;
v. In order to obtain a corporate and investment approval related to the establishment of an Indonesian legal entity (foreign investment company) from the Department of Law and Human Rights and the Investment Coordinating Board (“BKPM”), a company must also obtain a recommendation from the DGCMG;
vi. The Governor and Regent/Mayor must submit all of the mining information (KP, CoW, CCoW) within each of their respective areas for the Government to formulate the Mining Business Permit Territory (“WIUP”).
Source: HPRP
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Thursday, 09 July 09
COAL AND OIL GROUP TO INVEST $300 MN TO BUY SHIPS AND ACQUIRE COAL MINE
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is pl ...
Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade
*ASX says futures could present new arbitrage opportunities
The debut of Australia ...
Wednesday, 08 July 09
GERMAN COAL PRODUCTION DECREASED BY 31% TO ROUND 3.4 MILLION TON IN 1Q 2009 - COAL IMPORTERS ASSOCIATION, HAMBURG
COALspot.com (Germany):
World Coal Market
According to analysis of VEREIN DER KOHLENIMPORTEURE E.V. , On a quantity basis the s ...
Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange ...
Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
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- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- The University of Queensland
- Edison Trading Spa - Italy
- Australian Coal Association
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Petron Corporation, Philippines
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