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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, 28 September 09
TATA POWER SCOUTS FOR COAL BLOCKS ABROAD
Business Standard reported that, private power producer Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet de ...
Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by ...
Saturday, 26 September 09
GSECL PLANS TO PROCURE 15 LAKH (1.5 MILLION) MT OF IMPORTED COAL
Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1 ...
Saturday, 26 September 09
SAIL TO SET UP TWO SLAG-BASED CEMENT MANUFACTURING UNITS
Rediff Business reported that, Government-owned Steel Authority of India Ltd, the country's largest steel producer, is looking to set up two greenf ...
Friday, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
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- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
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