We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 25 January 10
INDONESIAN GOVERNMENT TO ISSUE REGULATION FOR IMPLEMENTATION OF MINERAL AND COAL MINING BUSINESS ACTIVITIES LAW NO.4 / 2009 SOON
 COALspot.com (Indonesia): The government regulation concerning implementation of mineral and coal mining business activities Law no.4 / 2009 is expecting to issue anytime in January / February 2010. The government will address coal benchmark price issues and share divestment issues in this upcoming regulation to attract more new investment in the mining sector. The government is planning also to issue 4 new regulations attached to the new mining and coal law in 2010.
SHARE DIVERSTMENT
Holders of IUP or IUPK whose 100% shares (hundred percent) are owned by foreigners, is obliged to divest at least 20% (twenty percent) their shares directly to the Government, local government, state enterprises, enterprises, or national private enterprise. A divestment shall be made not later than 90 (ninety) working days of the end of fifth year of production of mine. The Government, the regional governments, State-Owned Entities, and Region-owned Entities must submit their expression of interest within 60 (sixty) working days from the date of offer received.
If the Government and the Regional Governments are disinterested in the purchase of divested shares then, the shares shall be offered to national private entities within 30 (thirty) working days. Payment and delivery of the purchased shares by the Indonesian participants shall be made within 90 (ninety) working days of the date of expression of interest. If there is no party interested to buy offered shares within time frame then, divestment shall be made in the following year.
| "100% foreigners owned coal mines, are obliged to divest at least 20% of its shares to Indonesians end of 5th year of production" |
Ancillary provisions on share divestment shall be governed by Regulation of the Minister, which will be expecting to follow government regulation.
COAL BENCHMARK PRICE
The Minister of Energy and Mineral Resources, shall determine benchmark prices for coal. Any coal sale by IUP / IUPK holders, must obtain approval from the Minister prior to sales. Ancillary provisions on determination of benchmark coal prices shall be governed by separate ministerial regulation. IUP/IUPK holders also obligate to report to the Minister, the governors or the regents/mayors at least (1) once a month, accompanied by documents/conclusive proofs supporting their production and sales.
The report must includes selling prices, sales volume, quality of coal and supply point.
A benchmark steam (thermal) coal price shall be determined with reference to the average coal prices indexes published by internationally acknowledged institutions.
Benchmark coal prices shall be determined basis Free on Board (FOB) Mother vessel. If a delivery point of coal sale is not FOB Mother vessel, then coal prices must reflect benchmark price added with or deducted by adjustment of cost approved by the Minister. (cs)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 22 January 10
ENERGY ADVISORY COUNCIL MULLS - COAL EXPORT BAN
The National Energy Council, which advises the House of Representatives and the president on energy issues, has begun to debate a proposal to ban ex ...
Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy&nb ...
Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture w ...
Friday, 22 January 10
SHENHUA ENERGY 09 YIELDED 210MN TONS COMMODITY COAL
China Shenhua Energy Co., Ltd. yielded 210 million tons of commodity coal in 2009, hiking 13.2% year on year, the Chinese energy titan announced tod ...
Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
|
|
|
Showing 6061 to 6065 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
|
| |
| |
|
