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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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Friday, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...
Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
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- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- The University of Queensland
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
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