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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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Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
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- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Parliament of New Zealand
- Planning Commission, India
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
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