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Wednesday, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in preparing the implementing regulations needed to make the revised mining law effective.
“The formulation of the implementing regulations involve various departments. Thus, I cannot guarantee the implementing regulations can be finished by January next year,” said Witoro Soelarno, the secretary to the directorate general for minerals, coal and geothermal energy at the Energy and Mineral Resources Ministry.
Under the new mining law, endorsed by lawmakers in December last year, the government is required to issue four implementing regulations respectively for mining areas, coal and minerals businesses, mining supervision and finally on reclamation and post-mining issues.
The law also requires that the implementing regulations be issued within one year of its enactment Witoro said the draft regulations involved several difficult points.
“One of the complicated issues that we have yet to reach an agreement is about land planning.” The Indonesia Mining Association (IMA) executive director, Priyo Pribadi Soemarno, said a delay in the issuing of implementing regulations would obviously slow investment.
“This will create uncertainty for investors, and they will miss the momentum for investment,” he said.
According to Priyo, the lack of legal certainty will affect both existing contract holders and those seeking to obtain mining licenses.
In an earlier interview, Priyo said there were five mining projects already in the pipeline but on hold due to problems with license approvals from both central and regional governments. The projects are estimated to have an investment value of between US$8 and $10 billion.
These investments include Rio Tinto’s nickel project in Central Sulawesi; PT Dairi Timah Mineral’s zinc and lead project in North Sumatra; and PT Meares Soputan Mining’s gold project in North Sulawesi. Two other projects are those operated by state mining company PT Aneka Tambang (Antam); a bauxite project in Tayan, West Kalimantan, and a nickel project in Buli, Halmahera.
This year the government expects to book a modest $2.15 billion in investment in the mining sector, up from $1.65 billion last year.
Source: The Jakarta Post
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Wednesday, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...
Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t &mda ...
Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...
Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET
Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal ...
Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Mond ...
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- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Parliament of New Zealand
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Meralco Power Generation, Philippines
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