We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 08 August 16
INDONESIA'S DRAFT MINING LAW HINTS AT FUTURE REGULATORY FRAMEWORK
 KNOWLEDGE TO ELEVATE
COALspot.com: A draft mining law published by Indonesia's Minister of Energy and Mineral Resources provides useful insight into the latest policy positions of the Indonesian Government on mining business activities in the country, according to global law firm Herbert Smith Freehills and its affiliate firm Hiswara Bunjamin &Tandjung in Jakarta.
"The new draft seeks to readdress some of the more troublesome reforms introduced in the 2009 Mining Law, but while the draft is generally a positive development, it fails to properly resolve several existing issues," said Herbert Smith Freehills partner David Dawborn.
"Amendments to the 2009 Mining Law are yet to be finalized and continue to be discussed by the Indonesian House of Representatives," said Dhani Maulana Pattinggi Partner at Hiswara Bunjamin & Tandjung. "However, this new draft provides a very clear insight into the likely direction that those amendments may take, and into the eventual law that will be enacted to replace the 2009 Mining Law."
The most significant changes from the current mining law proposed by the draft are:
- Every existing Coal Contract of Work (CCOW) and Contract of Work (COW) must be converted into an Exploration or Production Operation Special Mining Business License (IUPK, which will have a validity period equal to the remaining term of the relevant CCOW/COW) within one year from the enactment of the law.
- The current exemptions to the ore export ban (due to expire on 11 January 2017) will be extended for a further five years for mining companies that already operate processing facilities and are in the process of building refining facilities.
- Tax and non-tax incentives will be granted to the holders of Production Operation Mining Licenses (IUPs) and Special Production IUPs who carry out processing/refining activities by constructing processing/refinery facilities.
- Production Operation IUPs will be granted a longer validity period if they are integrated with processing/refining facilities or a steam power plant, and will not be required to comply with the local divestment obligation until the tenth year after the commencement of production operation activities.
- Production Operation IUP and IUPK holders with foreign shareholders can satisfy their share divestment obligations through an initial public offering on the Indonesian stock exchange.
- The operation of actual mining exploitation activities may be able to be sub-contracted by a mining company to a mining contractor which holds a Mining Services Business Licence (Izin Usaha JasaPertambangan or IUJP, currently controversially prohibited under the 2009 Mining Law).
- Consistent with the Regional Autonomy Law, the elimination of the authority of local regents and/or mayors to issue mining licences.
- The mining of rare earth minerals is only permitted to be undertaken by Indonesian state-owned enterprises (BUMNs).
- Poor global economic conditions are included as a new reason to allow an IUP holder to apply for a suspension of its mining activities.
- The percentage of regional revenue from mining operations that will be distributed to the provincial governor is increased from 1% to 2%.
The full article, which will further discuss the important sections of the new draft mining law will be published on 10 August 2016.
By: HSF & HBT
About Herbert Smith Freehills & Hiswara Bunjamin & Tandjung
HSF operating from over 26 offices across Asia Pacific, EMEA and North America, Herbert Smith Freehills is at the heart of the new global business landscape providing premium quality, full-service legal advice.
Hiswara Bunjamin & Tandjung is consistently recognised as one of the leading commercial and corporate law firms in Indonesia, specialising in protection of foreign investor interests, both in transaction and contentious situations.
 |
 |
 |
 |
|
David Dawborn |
Dhani Maulana |
Matthew Goerke |
Justikarini Sormin |
The contents of this article, current at the date of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 29 August 16
THE 5000 GAR THERMAL COAL INDEX HAS STRENGTHENED BY 9.90% SINCE JANUARY
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing upward and it is expected to ral ...
Monday, 29 August 16
THE FREIGHT MARKET WAS STEADY AND FIRM THIS PAST WEEK; BCI ROSE 18.74%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 26 August 16
WEEKLY US COAL OUTPUT UP 0.7% W/W TO 16 MMST: EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
Thursday, 25 August 16
SUPRAMAXES ARE BEING FIXED IN REGION OF $9000
Supramax
Due to Chinese coal imports which continues to source much of the tonnage in SE Asia combined with a good flow of mineral exports ex Aus ...
Wednesday, 24 August 16
MARKET INSIGHT
Brazil and the world bid farewell on Sunday to the first Olympic Games in South America in the midst of a finale meant to be both one last bash and ...
|
|
|
Showing 2306 to 2310 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- VISA Power Limited - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
|
| |
| |
|
