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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, 23 September 09
TATA POWER TO COMMISSION 2 UNITS OF MUNDRA UMPP BY FEB 2012
Business Standard reported that, the country's largest private power producer Tata Power today said it would commission 1,600 MW capacity of its 4, ...
Wednesday, 23 September 09
NAVA BHARAT TO ADD 300MW CAPACITY, RAISE RS1,386 CRORE (US$ 289,674,610)
The firm plans to place orders for equipment by the end of October and commission both the plants by April 2012 to sell power in the open market
...
Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawi ...
Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND
People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last ...
Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
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- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Australian Coal Association
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- The University of Queensland
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
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