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Wednesday, 02 March 16
RE-EVALUATION OF MINING LICENSES CLEAN AND CLEAR STATUS IN INDONESIA
 COALspot.com: In connection with the transfer of mining authority from Regents/Mayors to Governors1 and from Regents/Mayors and Governors to the Indonesian Minister of Energy and Mineral Resources ("MEMR")2 pursuant to the New Regional Government Law3, the MEMR is conducting another review of existing mining licenses (known as IUPs) previously issued by Regents/Mayors and Governors.
MEMR Regulation No. 43 of 2015 regarding Procedures for Evaluation of Issuance of Mineral and Coal Mining Business License ("MEMR 43/2015") sets forth the requirements for IUPs to be declared Clean and Clear ("CNC"), meaning they have been validly issued and conform to the requirements of the Mining Law. The requirements and consequences for failure to satisfy them are as follow:
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Requirements |
Consequence for Failure |
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application for renewal or upgrade of IUP must be submitted within its term of validity |
revocation of IUP |
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area reservation and KP (former form of IUP) application must be approved prior to the issuance of the Mining Law |
revocation of IUP |
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application for area reservation must not overlap with any active COW, CCOW, KP or IUP area for the same mining commodity |
revocation of IUP |
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Exploitation KP must derive from an upgraded Exploration KP |
revocation of IUP |
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except in the case of a public company, a company must not have more than one IUP |
(i) issuance of single IUP consolidating IUPs the areas of which are adjacent to each other, for the same mining commodity and in the same stage (exploration or production); or
(ii) transfer of IUPs to 51% owned subsidiary(-ies)
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IUP term of validity must not exceed the period prescribed under the Mining Law |
adjustment of IUP's term of validity |
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IUP area must not overlap with other IUP areas for the same mining commodity or National Reservation Area or other regency/city/province area |
(i) reduction of area reflecting partial overlap; or
(ii) revocation of IUP if the overlap covers the whole IUP area4
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Exploration IUP's coordinates must be in accordance with the area reservation |
(i) change of coordinates if there is partial non-conformance to the area reservation or Exploration IUP’s coordinates, as relevant; or
(ii) revocation of IUP if the entire IUP area does not conform to the area reservation or Exploration IUP’s coordinates
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Production Operation IUP's coordinates must be within the Exploration IUP's coordinates |
(i) change of coordinates if there is partial non-conformance to the area reservation or Exploration IUP’s coordinates, as relevant; or
(ii) revocation of IUP if the entire IUP area does not conform to the area reservation or Exploration IUP’s coordinates
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IUP's coordinates must be straight lines parallel to latitude and longitude |
adjustment of IUP's coordinates |
MEMR will only issue CNC Certificates to mining companies which have submitted the following documents:
1. exploration report and, if applicable, feasibility study report;
2. environmental documents, i.e. AMDAL or UKL-UPL; and
3. evidence of payment of dead rent and, if applicable, royalty.
Failure to submit the above documents may result in administrative sanctions in the form of written warnings, temporary suspension of mining activities or revocation of IUP.
By: Michael S. Carl & Florence G. Santoso
1(Applies to domestic mining companies having a mining area located within one province)
2(Applies to (i) domestic mining companies having a mining area located in more than one province and (ii) all foreign-owned mining companies)
3(Law No. 23 of 2014 regarding Regional Government, as lastly amended by Law No. 9 of 2015)
4(In the event of overlap between IUPs having the same mining commodity, first come, first served applies, based on the date of submission of application and satisfaction of all requirements.)
(This publication is intended for informational purposes only and does not constitute legal advice. Any reliance on the material contained herein is at the user’s own risk)
 About Michael S. Carl
Michael S. Carl is a foreign legal advisor at SSEK Legal Consultants, where he is a supervising advisor for the firm’s mining practice.
He specializes in mining, energy, infrastructure, finance, insolvency and restructurings, and M&A.
Michael is named by Who’s Who Legal as one of Indonesia’s leading mining lawyers and he has been recognized as a leading lawyer by Chambers Global, IFLR 1000 and Asialaw.
 About Florence G. Santoso
Florence G. Santoso 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 has been involved in numerous major mining transactions.
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Friday, 22 January 16
WEEKLY US COAL PRODUCTION ESTIMATES ALMOST FLAT
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.3 million shor ...
Friday, 22 January 16
COAL PRICES TO REMAIN UNDER PRESSURE THIS YEAR
COALspot.com: Indonesian coal swap delivery Q1 2016 declined month on month and week over week. The falling trend of prices for coal was continuing ...
Friday, 22 January 16
Q3' 16 FOB RICHARDS BAY COAL SWAP CLOSED AT $ 40.80; DECLINE $ 2.80 M-O-M
COALspot.com: Q1’ 2016 API4 FOB Richards Bay Coal swap up month over month and decline week over week.
The Q1’ 2016 FOB Richards B ...
Wednesday, 20 January 16
Q3'16 FOB NEWCASTLE COAL SWAP CLOSED $ 2.40 LESSER THAN Q1'16 CLOSING PRICE OF $ 38.10
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery rose another $0.77 per ton (2.06%) this past week compared to the sam ...
Wednesday, 20 January 16
SHIPPING MARKET INSIGHT - NASOS SOULAKIS
If you believe in the “January effect”, the theory according to which the beginning of a new year has a positive effect on financial in ...
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Showing 2596 to 2600 news of total 6871 |
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- Goldman Sachs - Singapore
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- The University of Queensland
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- Parliament of New Zealand
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- Ministry of Transport, Egypt
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- Economic Council, Georgia
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- Australian Commodity Traders Exchange
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- Indian Energy Exchange, India
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- SMC Global Power, Philippines
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
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- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
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- ASAPP Information Group - India
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
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- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
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- Mercator Lines Limited - India
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- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
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- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
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- Star Paper Mills Limited - India
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- GN Power Mariveles Coal Plant, Philippines
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- Semirara Mining and Power Corporation, Philippines
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- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Australian Coal Association
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- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Minerals Council of Australia
- Deloitte Consulting - India
- VISA Power Limited - India
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
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- Petron Corporation, Philippines
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- Makarim & Taira - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Videocon Industries ltd - India
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