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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, 15 July 09
INDONESIAN FIRM SUBMITS LOWEST BID FOR NAPOCOR COAL
ABS-CBN News reported that, An Indonesian firm offered to supply 195,000 tons of thermal coal to top Philippine electricity producer National Power ...
Wednesday, 15 July 09
INDIAN COAL MINISTRY TO CONSIDER POWER PLANT ALTERATION PROPOSALS
PTI reported that the coal ministry has agreed to consider applications of power plants seeking long term coal linkage due to enhancement in electri ...
Wednesday, 15 July 09
SHENHUA STARTS WORK ON INDONESIA POWER PLANT
Bloomberg reported that China Shenhua Guohau Power a unit of China’s biggest coal producer started construction of a power plant and mine in I ...
Wednesday, 15 July 09
PLN OPENS TENDERS FOR SUPPLY OF LOW - GRADE COAL
The Jakarta Globe, a Indonesian new paper reported that, State power utility PT PLN has opened a tender for the supply of low-grade coal for the nat ...
Tuesday, 14 July 09
MMTC SAYS MAY RE-TENDER FOR 12.5 MLN T COAL
* KIS has demanded investigation into procurement
* MMTC says import delays could add to power shortages
Alibaba reported that, India's s ...
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- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- The University of Queensland
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Planning Commission, India
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