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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, 24 October 09
ADANI, MMTC IN RACE TO SUPPLY COAL TO GSECL
Business-Standard reported that, as many as five companies are in fray to supply 15 lakh (1.5 million) metric tonnes of non-coking steam (ther ...
Saturday, 24 October 09
INDONESIA STATE POWER FIRM PLANS TO DELAY COAL SUPPLIES
Indonesia's state-controlled electricity company is negotiating with two coal producing firms to delay plans to supply coal to a power plant in Wes ...
Friday, 23 October 09
MONGOLIA LISTS 8 POTENTIAL BIDDERS FOR COAL PROJECT
Reuters reported that, Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzor ...
Friday, 23 October 09
2010 WILL BE 'BRIDGE YEAR' FOR COAL - CONSOL CHIEF
Mining Weekly reported that, After a difficult 2009, 2010 will likely be a “bridge” year for the US coal industry, followed by improved ...
Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
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- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
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