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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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Saturday, 29 January 11
ANTAM ACQUIRES SAROLANGUN COAL MINING
According to Insider Stories, Nickel and gold miner PT Aneka Tambang Tbk (Antam) of Indonesia via its subsidiary PT Indonesia Coal Resources (ICR) h ...
Friday, 28 January 11
MPM SEEKS 40K TONS OF INDONESIAN COAL
An Indian paper producer Mysore Paper Mills Ltd., based in Bangalore is looking for 40,000 metric tons of non-coking coal of Indonesian o ...
Friday, 28 January 11
TRADING PERMIT DELAYS THREATEN EXPORTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, an ongoing wrangle over licenses for mining traders could hurt investment, a coal mining association chief said on ...
Friday, 28 January 11
DRY BULK MARKET CLOSING IN TOWARDS CRISIS LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The trials and tribulations of the dry bulk market seem to have no end during the first month of 2011, as the industry’s benchmark, the Baltic ...
Wednesday, 26 January 11
ADANI TO SET-UP RAIL, PORT AND POWER PROJECTS IN INDONESIA - MONEYCONTROL
Moneycontrol reported that, Adani Enterprises, the flagship company of India’s infrastructure conglomerate the Adani Group, today announced th ...
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- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
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