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Wednesday, 12 August 15
REGULATION CURBS POWER OF LOCAL AUTHORITIES IN MINING SECTOR IN INDONESIA - FLORENCE G. SANTOSO
 The Indonesian Government appears to be getting serious about stripping Regents of the authority to issue mining licenses. The Government took the first steps in this direction with Minister of Energy and Mineral Resources (MEMR) Regulation No. 27 of 2013 dated September 13, 2013 regarding Procedures for the Divestment of Shares and Changes to Capital Investment in the Mineral and Coal Mining Sectors. That Regulation ordered all Regents and Governors to submit to the MEMR all mining licenses (IUPs) issued for foreign capital (PMA) companies so the IUPs could be re-issued by the MEMR. This process was to be completed before September 13, 2014, but it seems that not all Regents and Governors complied.
With the issuance of the Regional Governance Law (Law No. 23 of 2014) on October 2, 2014, it was made clearer that Regents no longer have authority to issue IUPs. Rather, the sole authority to issue IUPs for mining companies having a mining area located in just one province was vested to Governors, while the MEMR has the authority to issue licenses for mining companies having a mining area located in more than one province and for PMA mining companies.
In support of the Regional Governance Law, the Government issued Government Regulation No. 77 of 2014 (GR 77/2014) dated October 14, 2014 regarding the Third Amendment of Government Regulation No. 23 of 2010 regarding the Implementation of Mineral and Coal Mining Business. GR 77/2014 reaffirmed the requirement under MEMR 27/2013 that the MEMR reissue any IUPs previously issued by Governors and Regents to PMA mining companies. A new deadline of October 14, 2015 was set for the reissuance of the IUPs. This was reasserted in Directorate General of Minerals and Coal Circular Letter No. 01.E/30/DJB/2015 dated April 7, 2015 regarding the Change of Status of Mining Business License in the Framework of Domestic Capital Becoming Foreign Capital.
Since the issuance of the Regional Governance Law, the MEMR has issued a number of regulations curbing the authority of Regents in the mining sector. On March 4, 2015, MEMR Regulation No. 8 of 2015 was issued to amend MEMR Regulation No. 1 of 2014 regarding Increasing the Added Value of Minerals through Domestic Processing and Refining. One of the main changes under MEMR Reg No. 8 of 2015 was the revocation of the authority of Regents to issue smelter licenses (Mining Business License for Processing and Refining, or IUPOKPP) and giving that authority to Governors. Any future smelter licenses will have to be issued by the relevant Governor, though it is unclear whether smelter licenses issued by Regents prior to this Regulation would have to be reissued by Governors and whether the annual work plans and budgets of such smelter companies must be submitted to and approved by the relevant Governor or the Regent.
Despite the above rules and regulations, Regents’ authority to issue IUPs remains unchanged under the 2009 Mining Law. So, there is a conflict between the Mining Law and the Regional Governance Law. While it remains to be seen how this conflict will be resolved there is talk that the 2009 Mining Law will be amended to revoke the authority of Regents to issue IUPs.
By Florence Gracia Santoso
SSEK Indonesian Legal Consultants
 About Florence Gracia Santoso
Florence is experienced in energy, infrastructure, investment and mergers and acquisitions, and has been involved in a number of acquisitions involving industrial and trading companies.
Since joining SSEK Legal Consultants in 2010, Florence Gracia Santoso has been involved in numerous major mining transactions.
This article is intended for informational purposes only and does not constitute legal advice. This article should not be acted upon in any specific situation without appropriate legal advice.
If you believe an article violates your rights or the rights of others, please contact us.
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Tuesday, 01 September 15
FOB INDONESIA COAL SWAPS FURTHER SLIDE TO US$ 40.62 PMT; DECLINE 5.34 PERCENT M-O-M
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and slightly dropped week over week.
The 4Q swap was declined ...
Tuesday, 01 September 15
FOB RICHARDS BAY COAL SWAPS STILL SLIDING; Q2'16 DELIVERY LOST AROUND 6 PERCENT M-O-M
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 gain week over week but declined month over month.
The 4Q swap was dow ...
Monday, 31 August 15
API 5 FOB NEWCASTLE COAL SWAP GAINS WEEK OVER WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 1.85 per MT (-4.23%) month over month to US$ 41.87 per mt. The swap ...
Monday, 31 August 15
Q1'16 CFR SOUTH CHINA COAL SWAP ENDS DOWN MORE THAN 4 PERCENT MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US$ 1.91 (3.78%) per MT month over month.
A commodity ...
Sunday, 30 August 15
THE DRY BULK MARKET UNDOUBTEDLY REMAINS WEAK & VOLATILE THIS WEEK
COALspot.com: The BDI slipped further down this week, moving closer to 900 level. This week’s BDI falls 9.15 pct and closed at 903 points. Wh ...
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- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Economic Council, Georgia
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