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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, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
Thursday, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
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Showing 5936 to 5940 news of total 6871 |
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- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Australian Coal Association
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Planning Commission, India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
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