We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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:
|
Requirements |
Consequence for Failure |
|
application for renewal or upgrade of IUP must be submitted within its term of validity |
revocation of IUP |
|
area reservation and KP (former form of IUP) application must be approved prior to the issuance of the Mining Law |
revocation of IUP |
|
application for area reservation must not overlap with any active COW, CCOW, KP or IUP area for the same mining commodity |
revocation of IUP |
|
Exploitation KP must derive from an upgraded Exploration KP |
revocation of IUP |
|
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)
|
|
IUP term of validity must not exceed the period prescribed under the Mining Law |
adjustment of IUP's term of validity |
|
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
|
|
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
|
|
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
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 23 December 15
FOB NEWCASTLE COAL SWAP CLOSES FIRM
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery up $0.45 per ton (1.22%) month over month to US$ 37.20 per ton. The swap wa ...
Tuesday, 22 December 15
3800 GAR INDEX CLOSED AT US$ 22.03 PER TON; DOWN 0.15% W-O-W
COALspot.com: The 5000 GAR CS (i) coal index decline US$ 0.03 per ton (-0.07 %) week over week.
According to the CS (i) coal (system generated ...
Monday, 21 December 15
Q3' 2016 CFR SOUTH CHINA COAL SWAP CLOSED SLIGHTLY LOWER COMPARE TO Q1'16 CLOSING PRICE
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery up US$ 0.20 (0.48%) per ton month over month.
A commodity swap is a ...
Sunday, 20 December 15
THE FREIGHT RATES FROM INDONESIA TO INDIA IS EXPECTED TO BE SOFT NEXT WEEK
COALspot.com: The BDI facing all time low's this week. The bulk dry index closed at 477 points on 18 December 2015.
The cape index was als ...
Friday, 18 December 15
WHEN IS A MASTER ENTITLED TO REFUSE DAMAGED CARGO? A REMINDER - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
A master’s authority to clause bills of lading issued by or on his behalf can sometimes become the cause of disagreeme ...
|
|
|
Showing 2641 to 2645 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Minerals Council of Australia
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
|
| |
| |
|
