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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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Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
Thursday, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
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Showing 5926 to 5930 news of total 6871 |
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- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
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