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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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Friday, 14 August 15
CONDITIONS AND COMPLEXITIES IN A TRIPARTITE AGREEMENT: BE SPECIFIC! - INCE & CO
KNOWLEDGE TO ELEVATE
A tripartite agreement reached between the Owners, the Shippers and the Receivers provided that demurrage be paid to the ...
Thursday, 13 August 15
THE RATES FOR CAPES KEPT RALLYING LAST WEEK - INTERMODAL
COALspot.com: Strong Capesize performance kept supporting the Dry Bulk market last week, which noted another positive weekly closing, while rates f ...
Thursday, 13 August 15
FOB RICHARDS BAY COAL SWAPS CONTINUE FALLING
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined month over month and week over week.
The 4Q swap was down US$ ...
Wednesday, 12 August 15
DRY BULK MARKET: WITHOUT A DOUBT REACHED HEALTHIER LEVEL
A few weeks before the end of the summer season, the BDI is hovering around 1,200 points, providing some much needed optimism to all Dry Bulk marke ...
Wednesday, 12 August 15
FOB NEWCASTLE COAL SWAP FLAT WEEK OVER WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 0.98 per MT (-2.20%) month over month to US$ 43.65 per mt. The swap ...
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- Asmin Koalindo Tuhup - Indonesia
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- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
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- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
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- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- PTC India Limited - India
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- Kaltim Prima Coal - Indonesia
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- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
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- Global Green Power PLC Corporation, Philippines
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- GAC Shipping (India) Pvt Ltd
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- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
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- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
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- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
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- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- The Treasury - Australian Government
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
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- Wilmar Investment Holdings
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- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Petron Corporation, Philippines
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