We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid&n ...
Thursday, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal p ...
Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its m ...
Wednesday, 28 April 10
DRY BULK MARKET
After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Ind ...
Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm ...
|
|
|
Showing 5856 to 5860 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- London Commodity Brokers - England
- PTC India Limited - India
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
|
| |
| |
|
