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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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Monday, 30 December 13
INDONESIAN COAL TO BE PART OF INDEX DETERMINING POWER TARIFFS - BUSINESS STANDARD
In a significant move, power sector regulator CERC has decided to provide 50 per cent weightage for Indonesian coal in the benchmark index that is u ...
Friday, 27 December 13
THE EXPORT OF UNPROCESSED MINERALS WOULD NOT BE ALLOWED AFTER 12 JAN 2014 - INDONESIAN ENERGY MINISTER
COALspot.com: The government of Indonesia will implement Law No. 4 of 2009 on Mineral and Coal in full and consistently by January 12, 2014, said, m ...
Friday, 27 December 13
INDONESIA SHIPPED 15.75 PERCENT MORE COAL IN NOVEMBER
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $2* billion worth of co ...
Thursday, 26 December 13
COAL & OIL GROUP SECURES US$ 250 MILLION FUNDING FOR ITS 1200MW THERMAL POWER PLANT IN INDIA
COALspot.com: Dubai-based Coal & Oil (C&O) Group has announced that it has secured additional funding of approximately Dhs. 1 billion (appro ...
Wednesday, 25 December 13
DRY BULK INDEX LOST SOME GROUND THIS PAST WEEK - INTERMODAL
Chartering (Wet: Firm+ / Dry: Softer - )
The Dry Bulk Index lost some ground this past week, on the back of activity slowing down befor ...
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- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Australian Coal Association
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Planning Commission, India
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
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