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Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
.jpg) A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the country’s power plants when the law’s implementing regulations come into effect in April, the Indonesian Coal Producers Association warned on Monday.
Bob Kamandanu, chairman of the association, also known as the APBI, said its members stood to lose at least $3.2 billion this year, based on last year’s average coal price of $50 per ton, and that total production would decline by 25 percent. He said the law would force many operators to shut down because their permits would not be extended, while existing ones could be revoked.
However, Deputy Minister of Public Works Hermanto Dardak told the Jakarta Globe that any mining companies that have been operating according to existing regulations should have nothing to worry about.
“I think the new law is ideal for the country as Indonesia still experiences many violations of spatial zoning,” Hermanto said. “If a mining company has just realized they’re committing activities that violate the zoning law, then they should talk with the local governments and the Forestry Ministry to determine what needs to be done to adjust to the regulation.”
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“The law is retroactive. Therefore, it could cause a massive negative impact on the industry as more than 90 percent of its operations are in forested areas” - Chairman, ICMA
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The 2007 zoning law was initiated by the Public Works Ministry to create a more comprehensive zoning system governing land use in the country. It prohibits coal mining in some forested areas.
However, coal producers said they were unaware of the law’s existence until December, when their applications for extensions of their land-use permits began to be stalled or rejected.
“[The law] is retroactive. Therefore, it could cause a massive negative impact on the industry as more than 90 percent of its operations are in forested areas,” Bob said.
The APBI also claimed that the law has created confusion at the Forestry Ministry, resulting in a general reluctance to issue any permits because of fears that the issuers could face criminal prosecution if they inadvertently violated the zoning regulation.
The Energy Ministry confirmed last week that operations at the Jorong coal mine in South Kalimantan owned by PT Indo Tambangraya Mega, the country’s fourth-biggest coal miner, had been shut down by police because the company lacked the proper land-use permit.
“A unit of PT Tambang Batubara Bukit Asam, PT Bukit Kendi, has also been closed due to the same problem,” Bob said, adding that other companies had received notice that they should be prepared to shut their operations at some mines if their permits were not approved.
“The association and its members are currently seeking legal advisers to know whether the coal companies could operate within the law or not. We will seek a judicial review with the Constitutional Court if we can’t work under the law,” Bob said.
Indonesia, Asia’s biggest exporter of coal, is expected to produce 280 million tons this year, a 12 percent increase from last year. Coal exports in 2009 totaled $14.85 billion.
Source: The Jakarta Globe
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Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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Showing 6026 to 6030 news of total 6871 |
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- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
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- Ministry of Finance - Indonesia
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- Trasteel International SA, Italy
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
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- Intertek Mineral Services - Indonesia
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- Economic Council, Georgia
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- Merrill Lynch Commodities Europe
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- Thiess Contractors Indonesia
- Petron Corporation, Philippines
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- Posco Energy - South Korea
- Australian Commodity Traders Exchange
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- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
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- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
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- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
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- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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- Electricity Authority, New Zealand
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- Australian Coal Association
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- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
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- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
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- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
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- India Bulls Power Limited - India
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- ICICI Bank Limited - India
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- Wood Mackenzie - Singapore
- Parliament of New Zealand
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- Wilmar Investment Holdings
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- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
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- European Bulk Services B.V. - Netherlands
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- Planning Commission, India
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- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
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- Standard Chartered Bank - UAE
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- The University of Queensland
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- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- White Energy Company Limited
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- Siam City Cement - Thailand
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- Metalloyd Limited - United Kingdom
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- Chamber of Mines of South Africa
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