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Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
 The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the development of $10 billion worth of projects that have been stalled because of the slow legislation.
The detailed guidelines governing mining concessions were signed by President Susilo Bambang Yudhoyono and are retroactive to Feb. 1. Investors had long been waiting on the regulations to resolve questions over the validity of their existing contracts of work (KK).
“We will honor the existing contracts,” said Bambang Gatot Ariyono, director of coal and minerals at the Energy Ministry.
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“We will honor the existing contracts” - Bambang Gatot Ariyono”
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The Indonesian Mining Association said at the end of last year that $10 billion worth of mining projects were stalled because of the government’s slow pace in issuing the regulations.
The regulations state that existing contracts will not be subject to changes in the new Mining Law.
Article 39 of regulation No. 22/2010 stipulates the smaller existing mining areas will be known as mining business permit territories (WIUP) within three months. However, Bambang said the shift in terms from mining areas to WIUP did not mean they would be affected by the new law.
Larger, existing mining concessions will be called mining business areas (WUP) within three months. The new Mining Law sets limits on exploration, production and size of concession, but WUP and WIUP holders are not subject to the restrictions.
The other regulation, No. 23/2010, states that the government must honor existing KK and mining concessions (KP) until the contracts expire. KK contracts are long-term deals signed with the central government guaranteeing lengths of 25 years and upward. KP are shorter duration contracts.
Both systems are being phased out in favor of mining business permits (IUP), which will further restrict the durations of contracts and areas of
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“The regulation No. 23/2010, states that the government must honor existing KK and mining concessions (KP) until the contracts expire”
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concessions.
According to the Energy Ministry, there are 8,020 applications for IUPs.
“We hope with the regulations release, the investors will start their projects soon,” Bambang said.
However, the IMA was wary of the regulations, saying it needed to study them further.
“We’re still unsure on how it will be implemented,” said Priyo Pribadi Soemarno, IMA’s executive director.
The stalled projects include a $4 billion nickel project by Rio Tinto, a $2 billion nickel project by Eramet, a $500 million zinc and black tin project by Dairy Prima, a $500 million gold project by Meares Soputan, and three PT Aneka Tambang projects — a $1 billion hydrometallurgy project, a $320 million ferronickel project and a $220 million chemical grade alumunia project.
Source: The Jakarta Globe
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Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
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- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- The University of Queensland
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- PTC India Limited - India
- Bhatia International Limited - India
- Posco Energy - South Korea
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
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