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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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Sunday, 05 April 15
FREIGHT RATES UNDER PRESSURE WEEK OVER WEEK
COALspot.com: The Indices fell on all segments and the market seemed to soften this week.
The BDI was almost lost 1.34% week over week and clo ...
Saturday, 04 April 15
BORYEONG POWER OF KOMIPO TO BUY TOTALED 695K MT OF HIGH AND LCV COAL
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids from coal producers, marketing companies, or traders to supply of 500000 Metr ...
Friday, 03 April 15
U.S WEEKLY COAL PRODUCTION STAYS FLAT
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 18.3 million short ...
Friday, 03 April 15
TOBA BARA'S PANDU SJAHRIR ELECTED AS NEW CHAIRMAN OF THE INDONESIAN COAL MINING ASSOCIATION
COALspot.com: Pandu Sjahrir, the Vice President Director & CFO of the Jakarta-listed PT Toba Bara Sejahtra — a subsidiary of PT Toba Seja ...
Thursday, 02 April 15
GOVERNMENT MUST WORK WITH MINING, NOT AGAINST IT - PANDU SJAHRIR
The Coal Face: The coal price has hit its lowest point in recent memory
My father used to say to me that his children are his biggest inv ...
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- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Central Electricity Authority - India
- MS Steel International - UAE
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- The University of Queensland
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