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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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Saturday, 12 September 09
$1.5B KALIMANTAN COAL RAIL TENDER EXPECTED BY YEAR-END
The Jakarta Globe reported that, In the second announcement on major coal-railway projects in as many days, Central Kalimantan’s top official ...
Friday, 11 September 09
INDONESIA COAL-PRICES AT $66, SUPPLIERS OFFER AT BARGAIN PRICES
Some Indonesian producers were rushing to sell coal at bargain prices to ease excess stocks and catch shipments before the Muslim Eid Al-Fitr festiv ...
Friday, 11 September 09
ALPHA NATURAL EXPECTS HIGHER MET, STEAM COAL PRICES IN 2010
Mining Weekly reported that, There are encouraging signs that metallurgical coal demand in most key global markets is either returning or poised to ...
Friday, 11 September 09
POWER SECTOR'S DEPENDENCE ON COAL TO CONTINUE
The power sector will continue to be largely dependant on coal-based thermal power plants to meet its energy needs for the next 15-20 years, Power S ...
Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
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- Karaikal Port Pvt Ltd - India
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- Merrill Lynch Commodities Europe
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- The University of Queensland
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- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- CNBM International Corporation - China
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- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
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- Australian Coal Association
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- Economic Council, Georgia
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- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
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- Larsen & Toubro Limited - India
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- Siam City Cement - Thailand
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- Eastern Energy - Thailand
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- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
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- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
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- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
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- Directorate General of MIneral and Coal - Indonesia
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- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
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- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
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- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
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- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
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