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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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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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- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- PTC India Limited - India
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
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