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Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulted in mixed reactions from industry stakeholders.
Alwin Syah Loebis, president director of state-run mining company PT Aneka Tambang (Antam), praised the decree, saying it would benefit the company immediately.
"This (regulation) is very good. We expect it would enable our project operation in Dairi (North Sumatra ) to start immediately," Alwin indicated to The Jakarta Post during the weekend.
Antam and Australian exploration and mining company Herald Resources have a joint venture called PT Dairi Prima Mineral to develop a large lead zinc deposit in Dairi Regency, North Sumatra.
Part of this project is located in a protected forest. The project has been delayed since 1998 as the Forestry Ministry has yet to issue a permit for the project to operate.
Alwin expected the decree would clear the legal status of the project.
He was fully confident that Antam had sufficient technology and access to capital to carry out underground mining, (despite the higher costs involved and technical complexities), due to their experience in underground mining in other parts of Indonesia.
"We have an abundant experience with underground mining in Pongkor ( a gold mine in Bogor, West Java ) and in other areas," he said.
Having relied heavily on the nickel mining business, Antam is now trying to diversify into mining other commodities, especially gold, iron, and zinc.
Energy and Mineral Resources Minister Purnomo Yusgiantoro said last week that the government was deliberating the proposed presidential decree allowing underground mining activities in protected forest areas. He said this would benefit the sector as it would boost exploration activities as well as proven mineral reserves.
He gave the example of protected forests areas in Kalimantan where there were estimated to be very large reserves of coal. However underground mining requires quite different technologies and know-how, higher investment and stringent safety and environmental standards.
Bob Kamandanu, chairman of the Indonesian Coal Producers Association (APBI) said the decree would indeed boost coal reserves, but it also appeared that it might be quite difficult for the country's coal firms to suddenly adapt to the very different requirements of underground mining, compared to traditional open-cast mining commonly used in Indonesia.
"Underground mining requires high cost and advanced technology. This is even more difficult in Indonesia as our underground rock is often lose and not firm. Thus, I think Indonesia's coal companies will need some years to be able to fully tap the benefits of underground mining," Bob said.
There were higher possibilities of fires, explosions, floods and other accidents, with dangers in underground mining due to its complexity. The industry also would need to depend much more than open-cast mining on highly skilled miners. Furthermore, Bob added, at the moment domestic coal demand could still be adequately supplied from surface mining.
APBI estimated that Indonesia would produce 250 million tons of coal this year, up from about 240 million tons last year. The directorate general for coal, minerals and geothermal earlier estimated that domestic demand for coal would reach 66 million tons this year, up from 57 million tons in 2008.
Source: http://www.thejakartapost.com/news/2009/04/27/underground-mining-forest-areas-not-so-simple.html
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Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
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- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Marubeni Corporation - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Planning Commission, India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
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