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Monday, 25 January 10
MINING GROUPS MAY SEEK JUDICIAL REVIEW OF 2009 LAW
.jpg) Indonesia’s mining associations said on Wednesday that they planned to seek a judicial review of the 2009 Mining Law this year if they are unable to reach a solution with the government.
The law’s implementing decree seeks to limit the work that mining companies can outsource to companies not approved by the government and which may not take environmental and other obligations as seriously.
In October, the industry associations said they were confused about the decree and were in talks with government officials. Susanto Joseph, executive director of the Indonesian Mining Services Association, said at the time that the law could lead to a $750 million decline in mining industry revenue this year.
However, those talks have yet to bear fruit.
“We’re currently studying our options regarding the law,” Priyo Pribadi Soemarno, executive director of the Indonesian Mining Association, said on Wednesday. “If our latest discussion with the government doesn’t go anywhere then I think we could ask for a judicial review.”
Article 8 of the implementing decree, states that the mining concession holder is prohibited from using affiliated companies for any service work unless it gets approval from the Energy Ministry.
It means a company like PT Bumi Resources would have to divest its contractor subsidiary, PT Dharma Henwa, if it doesn’t get approval.
| “The holder of a mining concession or special mining concession must itself perform mining, processing, and refining work” |
Article 10, which states that “the holder of a mining concession or special mining concession must itself perform mining, processing, and refining work,” is particularly problematic, because much of this work is carried out by contractors.
Article 5 states that contracting work must be given to domestic companies for a first right of refusal before foreign companies can be involved.
Bob Kamandanu, chairman of the Indonesian Coal Producers Association (APBI), said mining companies had found some loopholes in the decree.
“On affiliation, I think it can be arranged as the ownership of the affiliated company could be exchanged on paper but the owner could still be the same.” Bob said.
“It creates a headache for us because we have to think of how to overcome the regulation. I prefer the old regulation and I hope there should be some revision of the decree,” he said.
Source: The Jakarta Globe
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Thursday, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
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- SMG Consultants - Indonesia
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- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- The University of Queensland
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- Coalindo Energy - Indonesia
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- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
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- Directorate General of MIneral and Coal - Indonesia
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- Global Business Power Corporation, Philippines
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- Coal and Oil Company - UAE
- Mjunction Services Limited - India
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- IEA Clean Coal Centre - UK
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- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
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- Sojitz Corporation - Japan
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- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Deloitte Consulting - India
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- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
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- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
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- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
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- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
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- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
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- Sree Jayajothi Cements Limited - India
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- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
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