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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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Tuesday, 08 November 11
COAL MINER ABM INVESTAMA PLANS $290M PUBLIC OFFERING - JG
The Jakarta Globe reported that, ABM Investama, an Indonesian coal miner controlled by the Hamami family, plans to raise as much as Rp 2.6 trillion ...
Monday, 07 November 11
CHINA'S COAL IMPORTS STEAM AHEAD
Chinese seaborne coal imports have grown greatly in recent years, up from 39.2mt in 2008 to 167.7mt in 2010, with the result that China became a net ...
Saturday, 05 November 11
DEMAND SLUMP THREATENS MORE PAIN FOR BULK VESSELS - VISTAAR
COALspot.com - The market continued to fall with BDI dropping below 2,000 points by around 10 pct and closing at 1817 points. The cape index also co ...
Saturday, 05 November 11
BERAU STARTS TO EXPLORE BINUNGAN SITE - INSIDER STORIES
Insider Stories reported that, coal miner PT Berau Coal, a 90% owned subsidiary of PT Berau Coal Energy Tbk (BRAU), is busy to hold exploration in B ...
Friday, 04 November 11
INDIAN IRON ORE MARKET REMAINS DEAD - FEARNLEYS
Handy
The Atlantic market kept its strong position from last week. Even with fewer fixtures reported. Fronthauls still around 25k, wit ...
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- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- The University of Queensland
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- White Energy Company Limited
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Central Electricity Authority - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
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