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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, 05 September 09
INDIA BUYING INTO AUSTRALIA'S COAL - INTERVIEW
India is in line to buy vast amounts of Australian coal. An Indian cabinet minister is on a special mission to Australia to help satisfy India's ur ...
Saturday, 05 September 09
52 COMPANIES SUBMIT EOIS TO COAL INDIA
The Hindu, India's largest English news paper reported that, International mining majors from the U.S., South Africa, Australia and Indonesia are a ...
Friday, 04 September 09
INDONESIA PAITON ENERGY BUYS COAL FROM ADARO, KIDECO
PT Paiton Energy, an Indonesian independent power producer, has agreed to buy 3 million tonnes of coal from PT Adaro Energy Tbk (ADRO.JK) and PT Kid ...
Thursday, 03 September 09
ICVL IN TALKS FOR COAL BLOCKS IN INDONESIA
These acquisitions will help ICVL meet an internal target of importing at least 5 million tonnes (mt) of coking coal by 2012-13
LiveMint reported ...
Tuesday, 01 September 09
THREE COAL INVESTMENTS AND A SECTOR ON FIRE
With recession fears fading into the past in Asia and growth increasingly back on track in the West, global energy demand is again surging. It's no ...
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- PTC India Limited - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
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