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Tuesday, 09 March 10
REGULATION NO.23 OF 2010 CONCERNING IMPLEMENTATION OF NEW MINING LAW, PROVIDES MORE CLARITY ON OBTAINING A IUP
 COALspot.com: Indonesian government has recently issued another regulation related to Law number 4 of 2009 concerning mineral and coal mining. Two regulations issued recently to support implementation of law no 04/2009. Regulation number 23 of 2010 concerning implementation of mineral and coal mining business activities issued on 1 February 2010, provides more clarity on the application process and obtaining a new Mining Business Permit (IUP).
An applicant who wishes to obtain an Mining Business Permit (IUP) must first obtain Mining Permit Area (WIUP) and then submit an application for the Mining Business Permit (IUP). A company or individual obtaining the right to a WIUP can apply for an Exploration Mining Permits (IUP Eksplorasi) and then a Production Operation Mining Permits (IUP Operasi Produksi).
Foreign based companies cannot apply WIUP directly. However 100% foreigner owned company, but registered in Indonesia under Indonesian law, can apply for WIUP and then for IUP. One company can hold only one Mining Permit Area (WIUP), except for listed companies, who may hold multiple WIUPs and IUPs.
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“The new Mining Law set out some very clear guiding principles as to the regulation of Indonesian mining projects into the future” - Legal Counsels
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The tender or application process is made to the relevant authority. Applicant must submit application to Regent of the Regency, if the Mining Permit Area (WIUP) is within one Regency, but with-in two Regencies, then to the Governor of the Province and within two provinces, then to the Minister.
Applicants are required to deposit a perseverance guarantee in cash with a state bank prior to submit the application and documents for WIUP. Applicants who pass the pre-qualification requirements are given access to the Government's research and survey data and may be given the opportunity for site visits.
A period of the bid award process shall not exceed 35 working days from date of submission of the bid / offer by applicant. Once a WIUP has been obtained, the winner of WIUP, must submit the application for the Exploration Mining Permits (IUP Eksplorasi) within 5 working days of date of announcement of the winner. If the applicant failed to submit IUP Eksplorasi application within 5 working days, then the applicant deemed to have withdrawn from the tender process and perseverance guarantee which submitted during WIUP tender process shall become the property of the Government.
Exploration Mining Permits (IUP Eksplorasi ) shall be granted for holders of WIUP and met other eligibility requirements. Exploration Mining Permits shall include the activities of general survey, exploration, and feasibility study.
Extensions to Production Operation Mining Permits (IUPs) must be submitted at least 6 months prior to the expiration of the IUP. Only two extensions are allowed and the WIUP must be surrendered back to government at the end of the second extension of the IUP.
Production Operation Mining Permit holders do not allow to haul, sale and / or processing of coal. The activities of hauling and sale and/or processing may be performed by third party that hold a specific purpose Production Operation Mining Permit for hauling and sale.
Coal trading companies must obtain specific purpose Production Operation IUP for hauling and sale of coal and Coal transporting companies must obtain specific purpose Production Operation IUP for hauling of coal and sale.
The specific purpose Production Operation IUPs can apply directly to relevant authority and no need to follow tender process.
IUP holders who export coal are required to refer to the benchmark price set by the Minister. Benchmark prices shall be determined by market mechanisms and/or refer prevailing on the international markets prices. The Minister for Energy and Mineral Resources already have issued a Ministerial Regulation on the prioritizing of coal supply for domestic needs on 31 December 2009.
IUP holders who are intent to appoint expatriates, require to submit an application to the Minister to obtain approval prior to employing expatriates.
Some more government regulations as well as ministerial regulations are expected to issue coming weeks to fully support of implementation of law no 04/2009.(cs)
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Tuesday, 30 March 10
CHINA'S DROUGHT RAISES COAL PRICES, LOWERS HYDROPOWER
Bloomberg reported that, Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks aft ...
Tuesday, 30 March 10
PRICES FOR COKING COAL, IRON ORE TO SOAR AMID BURGEONING STEEL DEMAND: SCOTIABANK
Winnipeg Free Press reported that, Strong steel demand from China and a recovery in the developed world will push coking coal prices 56 per ce ...
Sunday, 28 March 10
DEMAND FROM INDIA RESHAPING THE GLOBAL COAL MARKET - DAVE FOREST
Attention international coal industry. There's a new kid on the block.
The nation of India.
India is emerging as a major re-shaping force for ...
Sunday, 28 March 10
SHIPS FROM WC INDIA TO CHINA CONTINUED TO BE FIXED AT HEALTHY LEVELS AT AROUND US$ 50/52,000 PER DAY - VISTAAR
COALspot.com: The dry bulk freight market seemed to be heading for a correction with all the indices dropping by 8-10 pct except for handy size whic ...
Saturday, 27 March 10
CHINA DROUGHT MAY RAISE COAL DEMAND, BOOST PRICES, CLSA SAYS - BLOOMBERG
Bloomberg reported that, Droughts in southwest China may increase demand for coal used in power plants, and ‘support” prices in the &ldq ...
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Showing 5916 to 5920 news of total 6871 |
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- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- The University of Queensland
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- White Energy Company Limited
- MS Steel International - UAE
- Planning Commission, India
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
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