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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)
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Friday, 15 January 10
ADARO INDONESIA STILL TOPS IN INDONESIAN COAL EXPORT RANKING
COALspot.com (Indonesia): PT. Adaro Indonesia, the world first Envirocoal producer and Indonesia's second largest thermal coal producer is top coal ...
Friday, 15 January 10
NTPC TO ADD 6,000 MW EACH YEAR IN 12TH PLAN
Will raise total generation capacity to 75,000 Mw by 2017, up from 30,644 Mw at present.
India's largest power generator NTPC, which will launch ...
Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG
Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the s ...
Friday, 15 January 10
CHINA POWER FIRMS SEEK COAL IMPORTS, SUPPLY SCARCE
China's coal-hungry power plants have turned to imported coal to cope with widespread shortages, but spot supply is scarce, traders said on Thursda ...
Thursday, 14 January 10
INDONESIA POWER REDUCES COAL SUPPLY
PT Indonesia Power will reduce coal supplies from PT Tambang Batu Bara Bukit Asam to its Suralaya Power Plant. "The coal supply for the plant s ...
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- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Thai Mozambique Logistica
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
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