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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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Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Tuesday, 08 September 09
INDIA MAY HAVE A JOINT WORKING GROUP FOR COAL WITH INDONESIA: SRIPRAKASH JAISWAL - PRESS RELEASE
Press Information Bureau of India reported in its web site that, The Coal Ministry has, in principle, agreed to set up a Joint Working Group for coa ...
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- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- GMR Energy Limited - India
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- The University of Queensland
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Australian Coal Association
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Planning Commission, India
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
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