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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, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
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- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- The University of Queensland
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
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