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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, 17 August 09
COAL EXPORTS CONTINUE DESPITE SHORTAGE
Vietnam News reported that, Viet Nam is exporting more coal despite a warning from experts that the country could face a shortage of this fossil fue ...
Monday, 17 August 09
S.KOREA JULY COAL IMPORTS UP TO 8.97 MLN T
* Imports of heating coal in July up 3.7 percent on year
* LNG imports in July fall for seventh straight month
Alibaba reorted that, South Kore ...
Monday, 17 August 09
COAL INDIA PLANS A PRICE HIKE OF 11%
With the state-run CIL mining 84% of the coal produced in the country, an 11% increase will push up inflation by around 0.16%, the company said
L ...
Monday, 17 August 09
BANPU SEES INDONESIAN MINE OUTPUT UP 10 PCT IN 2010
Reuters reported that, Thailand's top coal miner, Banpu, said on Monday it expected coal output from its Indonesian mines to rise 10 percent to abo ...
Monday, 17 August 09
COAL IMPORTS SURGE IN H1
China is one of the world's leading coal producers. But even so, imports of coal have surged in the first half of the year, hitting a record in Jun ...
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- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Australian Coal Association
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
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