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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, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points.
B ...
Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was ...
Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...
Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...
Thursday, 05 November 09
MERCATOR LINES AIMS TO BECOME A $5 BILLION COMPANY
Mercator Lines, India’s second largest private sector shipping line, plans to invest and expand, riding India’s next wave of growth, the ...
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- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
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