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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, 12 May 09
BANPU'S PROFIT DOUBLES TO RECORD AFTER SALES JUMP - BLOOMBERG
BANPU Pcl, Thailand’s biggest coal producer, reported first-quarter profit more than doubled to a record after higher prices for the fuel boos ...
Tuesday, 12 May 09
COAL IN PLACE, GMR PLANS 2,000-MW THERMAL PLANT - BUSINESS-STANDARD
GMR ENERGY, a subsidiary of Bangalore-based infrastructure company GMR Infrastructure Ltd, is planning to set up a 2,000-Mw thermal power plant near ...
Monday, 11 May 09
SOUTH AFRICA PROBLEMS SLOW INDIA COAL BUYING - MINE WEB
Indian imports of South African coal are likely to be close to 12 million tonnes in 2009, up from 10 million last year.
Indian coal buyers were a ...
Saturday, 09 May 09
THE WEEK SAW BIT OF HECTIC ACTIVITY IN THE FREIGHT MARKET - VISTAAR SHIPPING
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, one of the experienced ship operator in Singapore, said, the week saw bit of hectic ac ...
Saturday, 09 May 09
CHINA PLANS TO BUILD COAL STOCKPILE BASES IN SHANDONG - BLOOMBERG
China, the world’s largest coal producer and consumer, plans to build stockpiles of the fuel in the eastern province of Shandong to ensure sup ...
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- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Planning Commission, India
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- MS Steel International - UAE
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
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