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Thursday, 06 August 09
MINING PERMITS FOR THOSE COMMITTED TO SMELTER DEVELOPMENT ONLY
Tambang reported tht, Concrete and tangible endeavors are key to guarantee the attainment of added value from mining sector. The Indonesian Ministry of Industry had then called for mining permits to only be granted to investors who are willing to establish smelters and processing facilities domestically. I Gusti Putu Wiriyawan, the Ministry’s Director of Metal Industry stated that efforts should also be made to fend off a scarcity of mining areas, which are now heavily bossed by traders.
He was present at the Ministry for Energy and Mineral Resources on Tuesday, 4 August 2009 to address a discussion on the substance for a draft government regulation as an additional instrument for implementation of the mining law No. 4/2009 (RPP Minerba in its Indonesian acronym).
He mentioned that minerals from the country are exported as raw materials and imported back as processed goods, negatively affecting the competitiveness of Indonesia’s mined products. The new mining law should have aptly governed that mining permits (IUP and IUPK in Indonesian abbreviation) be only given to those willing to develop domestic processing industry. This would eventually lead to support a domestic market obligation (DMO) policy contained in a draft government regulation on mining business.
Mr. Wiriyawan took the example of India who only grant permits to companies who are able to mine and process their mined products. He then mentioned that some local iron ore and iron sand producers could also processed raw products into sponge already. “IUP and IUPK should be given to (companies like) them,” he stated.
He went on to inquire whether a regulation on export verification of mined products could also be included in the RPP Minerba to add to the quality of its legal base.
Source: Tambang
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Friday, 14 August 09
GUACOLDA STARTS THIRD COAL-FIRED UNIT
Macorship reported that, Chile’s Empresa Electrica Guacolda said that the third unit at its Guacolda coal-fired power plant began supplying po ...
Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
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- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
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- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
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- Africa Commodities Group - South Africa
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- Planning Commission, India
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- Commonwealth Bank - Australia
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- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Tamil Nadu electricity Board
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- Mjunction Services Limited - India
- Indonesian Coal Mining Association
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- Orica Australia Pty. Ltd.
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- Power Finance Corporation Ltd., India
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- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
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- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
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- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
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- Deloitte Consulting - India
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
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- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
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- Bulk Trading Sa - Switzerland
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- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
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- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
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- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
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- Directorate General of MIneral and Coal - Indonesia
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- Grasim Industreis Ltd - India
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- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
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