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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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Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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Showing 6026 to 6030 news of total 6871 |
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- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Planning Commission, India
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- PTC India Limited - India
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