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Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
 The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establishment of a privately owned Indonesia Commodity and Derivatives Exchange (ICDX).
The new exchange is expected to help improve the country’s underdeveloped futures market and make the country the fifth largest commodity futures exchange in the world, says Commodity Futures Trading Supervisory Board (Bappebti) head Deddy Saleh.
“We have permitted the establishment of a new exchange … because we’ve seen in the last 10 years that there have been no satisfactory results since the BBJ [Jakarta Futures Exchange] was established [in 2000],” he told reporters during a conference after the official launch of the ICDX.
He said the BBJ should have served as a price reference and a place for hedging but it had failed due to “the absence of competitors and slow management”.
According to Deddy, 98 percent of transactions occurring in the BBJ were alternative trading, such as foreign exchange and indexing, which were yet to be regulated.
“This [ICDX] is privately owned. A private company won’t play around with their capital,” said Deddy.
ICDX president director Megain Widjaja said trading in the ICDX would be transparent as transaction data could be accessed online and later on TV.
“We have cooperated with Bloomberg. But transactions are still closed [for time being] … We’ll later cooperate with Reuters so [transactions] can be accessed online and can be seen on TV and the internet.”
Trade Minister Mari Elka Pangestu, who was also present, said: “The importance of a commodity futures exchange is that transactions will be more liquid, more transparent and [we can be] a price reference,” she said.
She said farmers would have more bargaining power on prices when negotiating with their buyers, and thus, cartel practices — control over prices of a commodity by certain parties — could be avoided.
She also said foreign brokers and market traders were now allowed to trade in the exchange to make the country’s commodity futures exchange perform better.
The ICDX is now trading gold and crude palm oil (CPO) futures contracts.
The ICDX has listed 15 members, seven of whom are CPO producers. The members are PT Wilmar Nabati Indonesia, publicly listed PT Sinar Mas Agro Resources, publicly listed PT Sampoerna Agro, PT Duta Palma Nusantara, publicly listed PT BW Plantation, PT Palm Mas Asri, PT Danpac Futures, PT Valbury Asia Futures, PT Sinarmas Futures, PT Universal Futures, PT Aperdi and PT Monex Investindo.
The senior economist of Standard Chartered Bank Fauzi Ichsan said with Indonesia being the world’s largest CPO producer, “it is time to have a commodity futures exchange”. But, he said, big investors would likely trade in Singapore as the latter’s market was more liquid. “We hope they’re not only listed [in the ICDX] but that they will also trade in Indonesia,” he told The Jakarta Post.
Source: The Jakarta Post
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Thursday, 06 October 11
REALM SECURES 51% OF KATINGAN RIA COAL PROJECT IN CENTRAL KALIMANTAN
•Realm secures 51% of PT Katingan Ria Thermal Coal Project in Central Kalimantan
•Realm takes ownership of Kalres Limited
•Acquisit ...
Thursday, 06 October 11
SOUTH EAST ASIAS AGGRESSIVE POWER DEMAND GROWTH WILL REQUIRE INVESTMENT OF US$125 BN BY 2020 - WOOD MACKENZIE
COALspot.com - Wood Mackenzie says that South East Asia’s demand growth for new power generation is so aggressive that new power generation in ...
Thursday, 06 October 11
CHINESE DEMAND FOR COAL IMPORTS TO MODERATE IN 2012 - MISWIN MAHESH
COALspot.com - We expect Chinese demand growth for imported steam coal to moderate over the next year. Steam coal imports into China will modera ...
Wednesday, 05 October 11
MINISTRY STICKING TO RAW COMMODITY EXPORT BAN DESPITE INDUSTRY FEARS - JG
The Jakarta Globe, the one of the leading English news paper in Indonesia, reported that, the details of a controversial new regulation that would b ...
Wednesday, 05 October 11
ATLANTIC AND PACIFIC BASINS BECAME TIGHTER FOR PANAMAX LAST WEEK - BRS
A slump for both the Capes and Panamaxes sent the BDI down 1% this week, falling to 1,899 points.
The Capes saw the greatest movement, sliding - ...
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- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Australian Coal Association
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- The University of Queensland
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Planning Commission, India
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Minerals Council of Australia
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
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