Fri, 12 Feb 2010
Indonesian police have temporarily shut down the Jorong coal mine in South Kalimantan, which is owned by PT Indo Tambangraya Megah, the country’s fourth-biggest coal miner, since late last week because it does not have a valid permit.

Bambang Setiawan, director general of coal, minerals and geothermal energy at the Energy Ministry, said ITM’s land-use permit expired at the end of last month and the company had not managed to process the extension yet.

“The permit remains under review at the Forestry Ministry,” said Bambang Gatot Ariyono, director of coal and mineral production at the Energy Ministry.

“The mine will temporary be closed until the permit is issued,” Bambang added.

Darori, the director general for forestry protection at the Forestry Ministry, confirmed that ITM’s permit was under review.

“It’s what we call bureaucracy,” Darori said.

“There are stages to get the permits and our human resources are limited while we need to coordinate with other ministries and conduct field inspections. So it takes some time before we can issue the permit,” Darori added.

ITM, which is owned by Thailand-based Banpu Public Co., said in a statement that the temporary cessation of operations at Jorong will slightly hurt its coal production this year as the mine accounts for 8.6 percent of its projected annual output of 23 million tons.

“The stoppage was [caused] mainly by the overlapping of related regulations from different ministries,” said ITM.

The company operates six coal concessions in Kalimantan, including in Jorong.

“The company, however, does hope that this issue will be settled soon.”

Pri Agung Rakhmanto, an energy analyst at the Reforminer Institute, said the government needed to get a better grip on the issue of mining permits.

“The central government and local governments don’t have good coordination on the regulations,” he said.

According to the Energy Ministry, Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the government’s target of 230 million tons.

About 78 percent of the output was exported to buyers in Japan, China, India, Australia and Africa, while the rest was sold domestically.



News Search/Filter
Transaction Rates
17 Jul 18
Buy
Sell
AED1
3,883.15
3,883.15
AFN1
196.60
196.60
ALL1
132.34
132.34
AMD1
29.70
29.70
ANG1
7,734.49
7,734.49
AOA1
56.03
56.03
ARS1
521.71
521.71
AUD1
10,574.51
10,574.51
AWG1
7,968.43
7,968.43
AZN1
8,377.99
8,377.99
BAM1
8,742.76
8,742.76
BBD1
7,131.76
7,131.76
BDT1
168.87
168.87
BGN1
8,537.35
8,537.35
BHD1
37,667.55
37,667.55
BIF1
8.09
8.09
BMD1
14,263.53
14,263.53
BND1
10,470.90
10,470.90
BOB1
2,069.60
2,069.60
BRL1
3,695.88
3,695.88
BSD1
14,263.53
14,263.53
BTC1
95,692,134
95,692,134
BTN1
207.90
207.90
BWP1
1,396.81
1,396.81
BYN1
7,231.56
7,231.56
BZD1
7,098.55
7,098.55
CAD1
10,857.11
10,857.11
CDF1
8.84
8.84
CHF1
14,307.83
14,307.83
CLF1
601,836.98
601,836.98
CLP1
21.94
21.94
CNH1
2,128.76
2,128.76
CNY1
2,131.81
2,131.81
COP1
4.98
4.98
CRC1
25.16
25.16
CUC1
14,263.53
14,263.53
CUP1
559.35
559.35
CVE1
150.85
150.85
CZK1
645.41
645.41
DJF1
80.10
80.10
DKK1
2,240.81
2,240.81
DOP1
287.29
287.29
DZD1
121.40
121.40
EGP1
797.04
797.04
ERN1
948.38
948.38
ETB1
516.48
516.48
EUR1
16,701.56
16,701.56
FJD1
6,826.28
6,826.28
FKP1
18,879.89
18,879.89
GBP1
18,879.89
18,879.89
GEL1
5,826.37
5,826.37
GGP1
18,879.89
18,879.89
GHS1
2,981.74
2,981.74
GIP1
18,879.89
18,879.89
GMD1
298.27
298.27
GNF1
1.58
1.58
GTQ1
1,904.28
1,904.28
GYD1
67.98
67.98
HKD1
1,817.31
1,817.31
HNL1
593.07
593.07
HRK1
2,259.42
2,259.42
HTG1
211.46
211.46
HUF1
51.69
51.69
IDR1
1.00
1.00
ILS1
3,934.61
3,934.61
IMP1
18,879.89
18,879.89
INR1
208.26
208.26
IQD1
11.97
11.97
IRR1
0.32
0.32
ISK1
133.62
133.62
JEP1
18,879.89
18,879.89
JMD1
109.06
109.06
JOD1
20,103.56
20,103.56
JPY1
126.91
126.91
KES1
142.06
142.06
KGS1
208.91
208.91
KHR1
3.52
3.52
KMF1
33.93
33.93
KPW1
15.84
15.84
KRW1
12.63
12.63
KWD1
47,073.60
47,073.60
KYD1
17,124.79
17,124.79
KZT1
41.65
41.65
LAK1
1.68
1.68
LBP1
9.43
9.43
LKR1
89.25
89.25
LRD1
88.95
88.95
LSL1
1,080.16
1,080.16
LYD1
10,380.94
10,380.94
MAD1
1,508.29
1,508.29
MDL1
854.73
854.73
MGA1
4.20
4.20
MKD1
271.19
271.19
MMK1
10.01
10.01
MNT1
5.84
5.84
MOP1
1,764.89
1,764.89
MRO1
40.12
40.12
MRU1
398.31
398.31
MUR1
415.87
415.87
MVR1
925.60
925.60
MWK1
19.63
19.63
MXN1
757.18
757.18
MYR1
3,537.67
3,537.67
MZN1
242.16
242.16
NAD1
1,077.30
1,077.30
NGN1
39.51
39.51
NIO1
450.66
450.66
NOK1
1,760.03
1,760.03
NPR1
129.93
129.93
NZD1
9,677.58
9,677.58
OMR1
37,052.86
37,052.86
PAB1
14,263.53
14,263.53
PEN1
4,363.80
4,363.80
PGK1
4,334.81
4,334.81
PHP1
266.73
266.73
PKR1
117.38
117.38
PLN1
3,880.93
3,880.93
PYG1
2.49
2.49
QAR1
3,917.47
3,917.47
RON1
3,584.70
3,584.70
RSD1
141.53
141.53
RUB1
228.85
228.85
RWF1
16.31
16.31
SAR1
3,803.20
3,803.20
SBD1
1,813.00
1,813.00
SCR1
1,053.43
1,053.43
SDG1
792.43
792.43
SEK1
1,617.24
1,617.24
SGD1
10,474.27
10,474.27
SHP1
18,879.89
18,879.89
SLL1
2.26
2.26
SOS1
24.66
24.66
SRD1
1,912.51
1,912.51
SSP1
109.49
109.49
STD1
0.67
0.67
STN1
675.35
675.35
SVC1
1,630.55
1,630.55
SYP1
27.69
27.69
SZL1
1,078.52
1,078.52
THB1
428.71
428.71
TJS1
1,514.59
1,514.59
TMT1
4,063.73
4,063.73
TND1
5,426.90
5,426.90
TOP1
6,181.14
6,181.14
TRY1
2,938.90
2,938.90
TTD1
2,116.94
2,116.94
TWD1
467.77
467.77
TZS1
6.25
6.25
UAH1
544.25
544.25
UGX1
3.87
3.87
USD1
14,263.53
14,263.53
UYU1
454.74
454.74
UZS1
1.82
1.82
VEF1
0.17
0.17
VND1
0.62
0.62
VUV1
131.40
131.40
WST1
5,518.02
5,518.02
XAF1
25.46
25.46
XAG1
225,347.35
225,347.35
XAU1
17,698,232.57
17,698,232.57
XCD1
5,277.80
5,277.80
XDR1
20,078.65
20,078.65
XOF1
25.46
25.46
XPD1
13,126,759.23
13,126,759.23
XPF1
139.95
139.95
XPT1
11,781,620.42
11,781,620.42
YER1
56.97
56.97
ZAR1
1,078.91
1,078.91
ZMW1
1,434.61
1,434.61
ZWL1
44.24
44.24
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services