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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, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
Thursday, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Economic Council, Georgia
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- The University of Queensland
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Parry Sugars Refinery, India
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