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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, 08 September 11
TRADA MARITIME BUYS GUNUNG BARA UTAMA
Insider Stories reported that, PT Trada Maritime Tbk (TRAM) has purchased convertible bonds issued by PT Awesome Coal from Zakia Limited. The memora ...
Thursday, 08 September 11
PETROSEA ADDS US$730 MIO CONTRACT
Coal mining contractor PT Petrosea Tbk (PTRO), a majority owned subsidiary of energy integrated company PT Indika Energy Tbk (INDY), has secured a U ...
Wednesday, 07 September 11
ANOTHER EXCEPTIONALLY STRONG WEEK FOR THE CAPESIZE MARKET - BRS
The very strong rise in Cape rates pushed through an overall improvement in the BDI this week, although relatively little benefit from the Capes has ...
Wednesday, 07 September 11
INDIA HIT BY INDONESIAS COAL PRICE - TEMPO INTERACTIVE
TEMPO Interactive, an Indonesian online news portal reported that, The Indian government has complained about the price increase of Indonesian coal, ...
Wednesday, 07 September 11
SAMPUR POWER AGREEMENT SIGNED - DAILY NEWS
Daily News, Sri Lank's national news paper reported that, the agreement for the setting up of a 500 MW coal-fired power plant at Sampur, Trincomale ...
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- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- The University of Queensland
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
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