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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, 01 March 12
BUKIT ASAM TARGETS EUROPEAN INVESTORS
COALspot.com - PT. Bukit Asam (persero) Tbk, Indonesian state owned coal miner is planning to conduct road show in Europe next week to target at Eur ...
Thursday, 01 March 12
INDO-INDIA, LARGE ECO SUPRA CAN FETCH CLOSE TO USD 9K DOP N.CHINA - FEARNLEYS AS
Handy
The Atlantic Handysize market did not see any signs for recovery this week. It is still a major lack of spot cargoes and an oversupply of pro ...
Wednesday, 29 February 12
69 MINERS AGREE TO RENEGOTIATE CONTRACTS - THE JAKARTA POST
The Jakarta Post, one of the leading English news papaer in Indonesia reported that, as many as 60 coal contracts-of-work (PKP2B) and nine non-coal ...
Wednesday, 29 February 12
PUTTING COAL GASIFICATION TO WORK
Clifford Reese of the SSOE Group looks at practical solutions for district energy leaders who wish to implement clean coal technology.
Coal fuels ...
Monday, 27 February 12
COAL MINING PROFITS TOO HIGH, SAYS GOVT - TEMPO INTERACTIVE
Tempo Interactive reported that, Energy and Mineral Resources Deputy Minister of Indonesia Widjajono Partowidagdo has criticized coal-mining compani ...
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- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
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