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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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Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
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- McConnell Dowell - Australia
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- Australian Commodity Traders Exchange
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- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
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- Intertek Mineral Services - Indonesia
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- CNBM International Corporation - China
- New Zealand Coal & Carbon
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- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
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- Economic Council, Georgia
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- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
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- Gujarat Mineral Development Corp Ltd - India
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- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
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- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
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- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
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- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
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- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
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- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
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- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
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- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Ambuja Cements Ltd - India
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- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Australian Coal Association
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
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- Electricity Generating Authority of Thailand
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- Altura Mining Limited, Indonesia
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- Wilmar Investment Holdings
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- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
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- Sindya Power Generating Company Private Ltd
- The University of Queensland
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- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
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- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
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- PowerSource Philippines DevCo
- The Treasury - Australian Government
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- Indo Tambangraya Megah - Indonesia
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- Jaiprakash Power Ventures ltd
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- Mintek Dendrill Indonesia
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