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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, 01 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE BY 12PCT
Bloomberg reported that Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 12% last ...
Wednesday, 01 July 09
RS 6,000CR MMTC COAL IMPORT PLAN UNDER CLOUD
The plan of MMTC Ltd, a trading firm under the commerce ministry, to import coal worth Rs 6,000 crore has come under cloud, with the Central ...
Wednesday, 01 July 09
INDONESIAN FIRM BIDS FOR 130,000T COAL FOR NAPOCOR
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it received two bids from Indonesia's PT Trubaindo and its loc ...
Wednesday, 01 July 09
COAL PRICE INDEX TO BE LAUNCHED IN JULY
India will soon get a coal index to track the coal price movement in the country.
India's leading e-commerce company Mjunction Services Ltd will ...
Wednesday, 01 July 09
COAL INDIA SEEKS FASTER APPROVALS, IMPORTS, OVERSEAS MINERS
Coal India Ltd., the world’s biggest coal producer, wants mining approvals sped up to help it boost production to meet a widening supply short ...
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- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Australian Coal Association
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
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