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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, 18 March 15
Q2 INDONESIAN COAL SWAP DROP 1.45% M-O-M; GAIN 0.63% W-O-W
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 drop month on month and gained week over week.
The Q2 swap fell US$ 0.70 (1.45%) ...
Tuesday, 17 March 15
GAS TO CHALLENGE COAL IN THE ASIAN POWER GENERATION MIX - WOOD MACKENZIE
KNOWLEDGE TO ELEVATE
Wood Mackenzie says that coal is facing increasing competition from gas in the power sector. Coal has dominated as the fu ...
Tuesday, 17 March 15
RIO TINTO PAID US$ 7.1 BILLION IN TAXES IN 2014
COALspot.com: Rio Tinto has published its latest Taxes paid report, detailing the US$7.1 billion in taxes paid by the company around the world in 2 ...
Tuesday, 17 March 15
NEARLY 17% OF US COAL PRODUCTION UNECONOMIC AT CURRENT MARKET PRICING - WOOD MACKENZIE
COALspot.com: Close to 17% of forecast 2015 US coal production is at risk of idling or closure, totalling 162 million short tons (Mst), as these mi ...
Tuesday, 17 March 15
Q3' SA COAL SWAP CLOSED $57.30 PMT W/E 13 MARCH
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month and gained week on week.
The Q2 swap has fe ...
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- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- White Energy Company Limited
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- The University of Queensland
- Economic Council, Georgia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
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