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Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent report by the Supreme Audit Agency (BPK) highlighting poor management of mining operations by some mining companies.
Bambang Setiawan, director general for coal, minerals and geothermal at the Energy and Mineral Resources Ministry, said Monday evening that the presidential regulation was important as it would bring new legal certainties to underground mining operations.
"This regulation will not violate the existing law *the Forestry Law*, which only forbids open-pit mining in forests, not underground mining," Bambang said.
Energy and Mineral Resources Ministry Purnomo Yusgiantoro said that underground mining might be very costly, but would be worth the investment. "No problems with the higher cost as long as it provides higher profits," Purnomo said.
He added several protected forest areas were predicted to contain high reserves of coal and minerals. "Take the example of forests in Kalimantan, *where* the areas are estimated to contain huge reserves of coal."
Purnomo and Bambang did not specify when the regulation would be issued, saying only that this was under the president's authority.
Separately BPK lambasted the management of some mining operations in its audit report on coal mining management during the 2006-2007 fiscal years.
It found as many as 212 cases of irregularities in coal mining management with potential state losses reaching Rp 2.69 trillion, along with another US$778.8 million, in total.
Losses reflected halts in reclamation collateral payments by 60 mining contract (KP) holders in Kutai, East Kalimantan; 30 KP holders in Tanah Laut, South Kalimantan; and Coal Contracts of Work (PKP2B) holders PT KJA and PT MSJ.
The total amount of the halted payments reached $3.18 million and Rp 127.25 billion in total, with BPK claiming this would burden state budgets if the contractors failed to fulfill their reclamation obligations.
The audit found that 61 KP holders and 5 PKP2B contract holders did not properly manage the top soil and overburden in open cast mining areas, which could cause landslides, or erosion and reduce soil fertility.
BPK said all these irregularities were caused by a combination of policy weaknesses along with non-compliance by mining companies.
In response, Bambang said that most of the irregularities were found in KPs that were issued by regional governments. "We are conducting an internal evaluation on the BPK's findings," he said.
Source: http://www.thejakartapost.com/news/2009/04/22/protected-forests-facing-underground-mining-threat.html
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Friday, 13 February 09
INDONESIA IS EXPECTED TO PRODUCE 225 MILLION TONES OF COAL IN 2009 - ENERGY MINISTRY
Indonesia, the world's top thermal coal exporter, will allocate 68.3 million tonnes of coal out of expected forecast production of 225 million ton ...
Friday, 06 February 09
INDONESIA'S COAL PORTS HAVE FORCED A RETHINK ON 'TRADITIONAL' HANDLING OPTIONS
Port Strategy reported that, Indonesia’s main coal-producing islands of Kalimantan, Sulawesi and Sumatra suffer from a scarcity of suitable la ...
Thursday, 22 January 09
MINISTER: MINING LAW PROHIBITS RAW MATERIAL EXPORT - ESDM
The Coal and Mining Law, approved during the House of Representatives plenary meeting on December 16, 2008 seeks to domestically increase mining com ...
Wednesday, 07 January 09
SOUTH KALIMANTAN COAL PRODUCTION EXPECTED TO INCREASE - ESDM
Coal production from the South Kalimantan region has the potential to increase in the next few years. Aside from the vast proven reserves of coal, s ...
Tuesday, 30 November 99
GLENCORE EXPECTS 2023 TRADING UNIT PROFITS OF UP TO $4 BLN - REUTERS
Glencore GLEN.L on Friday said it expects profits at its trading division this year of up to $4 billion, exceeding its long-term annual guidance.
...
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- The University of Queensland
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- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
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- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
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- Kideco Jaya Agung - Indonesia
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- SN Aboitiz Power Inc, Philippines
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- Australian Coal Association
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- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
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- Economic Council, Georgia
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- Trasteel International SA, Italy
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- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
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- The State Trading Corporation of India Ltd
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- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Mercator Lines Limited - India
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- Minerals Council of Australia
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
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- Planning Commission, India
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
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- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
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- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
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- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
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- Pipit Mutiara Jaya. PT, Indonesia
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- Parliament of New Zealand
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- Mintek Dendrill Indonesia
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- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
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