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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, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
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