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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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Monday, 30 November 09
INDIA UTILITIES MOVE TO COAL INDEX - PRICING
Indian state utilities are leading a switch to coal index-linked pricing from fixed prices to secure imports and to be visibly paying fair market pr ...
Monday, 30 November 09
RECAPITAL TO ACQUIRE BERAU COAL
Unlisted Indonesian coal producer Berau will redeem outstanding bonds before the acquisition by Recapital Advisers is completed by the end of this y ...
Friday, 27 November 09
IMPORTING LIGNITE INTO COAL RICH KOSOVO
Balkan Insight has discovered that one of Kosovo’s biggest firms is being forced to import lignite from Malaysia and Indonesia, despite estima ...
Friday, 27 November 09
SOUTH AFRICA STILL TOPS IN COAL EXPORT RANKINGS
Mining Weekly reported that, Despite significant coal-mining capacity recently discovered in the Southern African region, according to senior coal a ...
Friday, 27 November 09
BHP SEEKS VARIABLE COKING COAL PRICE IN JAPAN, NIKKEI SAYS
Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...
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- ASAPP Information Group - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
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