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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, 23 October 10
HEAVY RAINS NO DAMPENER FOR 2010 COAL OUTPUT TARGET, MINISTRY SAYS - THE JAKARTA GLOBE
The Jakarta Globe reported that, National coal production would likely meet the target set by the Energy Ministry despite unusually heavy rain this ...
Thursday, 21 October 10
WORLDS FIRST, SINGAPORE EXCHANGE TO CLEAR OTC INDONESIAN COAL SWAP - MONDOVISIONE
Mondovisione reported that, Singapore Exchange (SGX) will be the first exchange in the world to clear over-the-counter (OTC) Indonesian Sub-Bitumino ...
Thursday, 21 October 10
MEC WOOS INDIAN POWER FIRMS FOR 50% STAKE SALE - BUSINESS STANDARD
Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed t ...
Thursday, 21 October 10
CAPESIZE, A FANTASTIC WEEK WITH IMPROVED RATES IN BOTH BASINS - FEARNBULK
Handy Activity remains slow this week combined with a lack of fresh enquiry in the Atlantic. Indexes are all negative except Cape but it is worth no ...
Wednesday, 20 October 10
BLENDING OF IMPORTED COAL AT THERMAL PLANT UP TO 30 % MAY BE ALLOWED - PUNJAB NEWS LINE
Punjab News Line reported that, Indian government is considering allowing increase in the blending ratio of imported coal from 10 to 30 percent at t ...
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- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
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