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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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Thursday, 12 July 12
SOUTHGOBI RESOURCES ANNOUNCES NOTICE OF INVESTMENT DISPUTE FILED AGAINST MONGOLIAN GOVERNMENT
Press Release - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi”) announced today that SGQ Coal Investment Pte. Ltd., a wholly ...
Wednesday, 11 July 12
HBA DROPPED SHARPLY IN JULY
COALspot.com - Indonesian HBA fell to lowest level since September 2010 in July 2012. The monthly coal reference price for coal sales this mon ...
Wednesday, 11 July 12
SUB-BIT FOB INDONESIA COAL SWAP LOST $ 1.26 PER TON
COALspot.com - Sub-Bit FOB Indonesia Coal decline for a second day yesterday, according to SGX AsiaClear OTC Coal Swaps. The prices for shipments to ...
Tuesday, 10 July 12
DRY BULK MARKET RECORDS MODEST GAINS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher on Monday, with the Baltic Dry Index (BDI) ending the session up by 5 points to 1,162. Most markets were hig ...
Saturday, 07 July 12
INDONESIA-JAPAN RELATIONS TURN SOUR - THE JAKARTA POST
The Jakarta Post, the one of the leading Indonesian English new papers reported that, Bilateral relations between Indonesia and Japan have recently ...
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- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Planning Commission, India
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
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