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Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
 The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the work contractors were allowed to perform for mining concessionaires, saying it failed to clearly explain what contractors could and could not do.
Industry representatives said that Article 10 of the Sept. 30 regulation, which provides that “the holder of a mining concession or special mining concession must itself perform mining, processing, and refining work,” was particularly problematic, as much of this work was currently carried out by contractors.
The regulation could cause problems for multinational contractors like PT Thiess Indonesia, a unit of Brisbane-based Thiess, which is employed as a mining contractor by PT Bumi Resources, Asia’s biggest thermal coal producer. Article 5 also provides that contracting work must be given to domestic companies for a first right of refusal before foreign companies could be involved.
A Thiess representative was not available for comment.
One analyst said that if the regulation was implemented to the letter, many contractors and concessionaires would find themselves in trouble, as they would have to radically reorganize their operations.
Sara K Loebis, corporate secretary of PT United Tractors, the country’s largest supplier of heavy equipment, said her company was also confused by the regulation.
“We’re unsure about the difference between ‘stripping,’ which the regulation allows us to do, and mining, which we are prohibited from doing, as it’s frequently very difficult to differentiate between the two,” she said. “Our legal team is currently studying the regulation.”
United Tractors is the parent of PT Pamapersada Nusantara, the country’s biggest mining contractor.
Alwinsyah Loebis, president director of PT Aneka Tambang, the state-owned gold and copper miner, said that his company’s legal department was also studying the regulation.
Dileep Srivastava, senior vice president of Bumi Resources, the country’s biggest coal producer and one of the Pamapersada’s main employers, said he was not aware of the regulation and would have to study it first before commenting.
When asked for clarification about whether mining contractors could continue to perform main mining work, Bambang Setiawan, the director general of coal, minerals and geothermal energy, gave an inconclusive response.
“I am not saying they can. As long as they follow all of the requirements in Article 10. What is the process of mining? It’s digging, stripping, blasting and transporting. I think that’s all clear enough. What more do they want?”
Edwin Sinaga, president director of brokerage PT Finacorporindo Nusa, said the new regulation was intended to prevent small, local government-issued concessions from being sold to contractors, which was already a widespread practice here.
Source: The Jakarta Globe
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Tuesday, 20 October 09
COAL PRICES TO SURGE IN 2010 DESPITE AMPLE SUPPLY
Commodity Online reported that, Coal prices are indeed destined to go higher as they follow the rise of ‘coal currencies’ such as Austra ...
Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as D ...
Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was & ...
Monday, 19 October 09
COAL MINISTRY SEEKS EXPLANATION FROM AP GENCO
The Hindu Business reported that, the Coal Ministry has asked the Power Generation Corporation of Andhra Pradesh (AP Genco) to explain why there was ...
Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
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- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Posco Energy - South Korea
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- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Wilmar Investment Holdings
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- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
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- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
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- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
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