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Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
 Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certainty and help boost investment in the mining sector.
The new regulations - one covering mining areas and the other on mining business - should allow investors to obtain new mining permits and help speed up issuance for existing investors.
"The regulations were issued yesterday but will be applied retroactively from February 1," Bambang Gatot Ariyono, director of coal and mining business at the energy and mining ministry, told reporters.
"We issued them quickly because of concern about mining licensing," Ariyono said.
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“The regulations were issued yesterday but will be applied retroactively from February 1” - Director of Coal and Mining Business
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The government had stopped issuing new permits ahead of the introduction of the regulations.
Miners who had applied for a contract before a new mining law was passed in December 2008 will be able to continue their application.
The regulations will also allow the government to start tenders in mining areas.
Budi Irianto, a spokesman for the Indonesian unit of global miner Rio Tinto, said the issuance of the regulations could help the firm's nickel project obtain a long-awaited mining permit.
"We have submitted an application for a mining licence. With the new regulations out, we hope we can get the licence this year," Irianto said.
Rio Tinto launched an application for a mining contract of work - a type of mining licence under the previous mining law - in 1999 for its $2 billion nickel project on Sulawesi island.
But when the new coal and mining law was passed the firm was required to apply for a shorter-term mining permit.
The Sulawesi nickel project is expected to have a capacity of 46 000 t/y.
The government awarded the last contract of work to Australia's Indo Mines for its pig iron project in November 2008, a month before the new mining law was passed in December.
Indo Mines was also the first mining firm to sign a mining contract for a decade.
Southeast Asia's largest economy has struggled to lure foreign investment into mining in recent years, compounded by some politicians taking a nationalist line on resource exploitation and also because of uncertainty over regulations tied to a new mining law passed in 2008.
The government has said it expected mining investment to hit $2,5-billion next year, up from $1,81-billion in 2009, supported by greater certainty after the introduction of new mining regulations.
Source: Reuters / Mining Weekly
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Wednesday, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...
Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
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- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
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- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- The University of Queensland
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- Aboitiz Power Corporation - Philippines
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- Minerals Council of Australia
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- Central Electricity Authority - India
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- Bulk Trading Sa - Switzerland
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- Anglo American - United Kingdom
- Chamber of Mines of South Africa
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- Africa Commodities Group - South Africa
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- International Coal Ventures Pvt Ltd - India
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- Eastern Energy - Thailand
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- Larsen & Toubro Limited - India
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- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
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- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
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- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
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- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
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- Latin American Coal - Colombia
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- Merrill Lynch Commodities Europe
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- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
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- Alfred C Toepfer International GmbH - Germany
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- Deloitte Consulting - India
- Interocean Group of Companies - India
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- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
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- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
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- Bhoruka Overseas - Indonesia
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- Australian Commodity Traders Exchange
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- Ministry of Mines - Canada
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- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
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- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
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- Indian Energy Exchange, India
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- Kohat Cement Company Ltd. - Pakistan
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- Indonesian Coal Mining Association
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- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
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- New Zealand Coal & Carbon
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- Videocon Industries ltd - India
- Georgia Ports Authority, United States
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- ASAPP Information Group - India
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- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
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- Planning Commission, India
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- Sree Jayajothi Cements Limited - India
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- IEA Clean Coal Centre - UK
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- Standard Chartered Bank - UAE
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- CNBM International Corporation - China
- Mintek Dendrill Indonesia
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- Economic Council, Georgia
- Bangladesh Power Developement Board
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- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
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