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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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Friday, 18 September 09
STANCHART TO ADVISE BAYAN ON INDONESIA COAL FINANCING
Indonesian coal miner PT Bayan Resources Tbk said on Wednesday it has appointed Standard Chartered Bank as a financial adviser for raising at least ...
Friday, 18 September 09
COKING COAL SUPPLY TO FALL 3 MILLION TONS IN CHINA ON SHUTDOWN
Bloomberg reported that, Coking coal supply in China, the largest consumer, may fall by 3 million metric tons a month after a mine accident this mon ...
Thursday, 17 September 09
FOUR LEFT IN INDIA'S MMTC COAL IMPORT TENDER-SOURCE
Reuters reported that, India's MMTC Ltd has accepted four out of five submissions for an import tender for 12.5 million tonnes of coal, with a bid ...
Thursday, 17 September 09
INDIA SEEKS COAL
IBT commodities reported that, India is on a coal buying spree. The big Asian nation is scrambling to cover an expected shortfall in domestic supply ...
Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...
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- Cement Manufacturers Association - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Australian Coal Association
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- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
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- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
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- Pipit Mutiara Jaya. PT, Indonesia
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- Eastern Coal Council - USA
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- Indian Energy Exchange, India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
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- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
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- Barasentosa Lestari - Indonesia
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- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
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- ICICI Bank Limited - India
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- Mercator Lines Limited - India
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- Goldman Sachs - Singapore
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- Thai Mozambique Logistica
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- Petrochimia International Co. Ltd.- Taiwan
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- Price Waterhouse Coopers - Russia
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- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
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- Directorate General of MIneral and Coal - Indonesia
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- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Trasteel International SA, Italy
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- San Jose City I Power Corp, Philippines
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- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
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- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
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- Economic Council, Georgia
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- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
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- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
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- Standard Chartered Bank - UAE
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- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- MS Steel International - UAE
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Parliament of New Zealand
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