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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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Friday, 22 January 10
ENERGY ADVISORY COUNCIL MULLS - COAL EXPORT BAN
The National Energy Council, which advises the House of Representatives and the president on energy issues, has begun to debate a proposal to ban ex ...
Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy&nb ...
Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture w ...
Friday, 22 January 10
SHENHUA ENERGY 09 YIELDED 210MN TONS COMMODITY COAL
China Shenhua Energy Co., Ltd. yielded 210 million tons of commodity coal in 2009, hiking 13.2% year on year, the Chinese energy titan announced tod ...
Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
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- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- The University of Queensland
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Posco Energy - South Korea
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
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