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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, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Monday, 05 October 09
BANPU EYES INCREASE IN COAL OUTPUT
The Nation reported that, Banpu plans to boost its coal output to 23 million tonnes next year once production begins at the East Block of its Indomi ...
Monday, 05 October 09
COAL TRADING C&O TO INVEST $100 M NEXT YEAR
The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mi ...
Sunday, 04 October 09
INDONESIAN COAL EXCHANGE FOR PRICE BENCHMARKING IN OFFING
Reuters cited Mr Bob Kamandanu chairman of the Indonesian Coal Producers Association as saying that Indonesia plans to set up a coal exchange to cre ...
Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...
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- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- The University of Queensland
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Bhatia International Limited - India
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