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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, 25 July 09
HUANENG EYES MAJORITY STAKE IN PT BERAU COAL
CCTV reported that, China's largest publicly traded power company has submitted a bid for controlling stake in Indonesia's fifth largest coal mine ...
Saturday, 25 July 09
ADANI POWER TO IMPORT COAL FOR MUNDRA PLANT
BL reported that more than 50% of the coal requirement for Adani Power’s 4,620 MW Mundra plant will have to be imported from Indonesia though ...
Friday, 24 July 09
INDONESIAN COAL NEWS - UPDATE
Income from tax slow
Since the economic crisis in October 2008 until now, tax from the general mining sector is slow. According to the Director Gene ...
Friday, 24 July 09
S.AFRICA JAN-JUNE EXPORTS TO ASIA AROUND 1.4 MLN T
* China takes 140-150,000 tonnes
* S.Korea imports zero
* Hong Kong utilites buy S.African coal
South African coal exports to Asia excluding India a ...
Friday, 24 July 09
BIG ADARO SHAREHOLDERS CREATE HOLDING COMPANY
The nation’s second-largest coal producer, PT Adaro Energy, said on Thursday that five key shareholders had merged their holdings in the compan ...
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- Eastern Energy - Thailand
- Goldman Sachs - Singapore
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- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
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- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
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- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
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- Indian Oil Corporation Limited
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- Global Green Power PLC Corporation, Philippines
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- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
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- Ministry of Transport, Egypt
- Parliament of New Zealand
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- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
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- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
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- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
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- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
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- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Kaltim Prima Coal - Indonesia
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- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
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- Economic Council, Georgia
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- Kapuas Tunggal Persada - Indonesia
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- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
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- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
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- Grasim Industreis Ltd - India
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- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
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- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
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- Ceylon Electricity Board - Sri Lanka
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