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Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
 The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complaints about the length of contracts.
Speaking to reporters after meeting investors on Wednesday, Darwin said miners such as France’s Eramet were worried about the future of their projects because the law limits exploration licenses to eight years and production contracts to 20.
“Eramet wants licenses to last 50 years,” Darwin said.
“The concern was not only from Eramet but also from others investors, both national and foreign,” he added.
Darwin said the ministry would send a request to the House of Representatives this month asking that the law be amended to increase contract durations, but he offered no further details.
Bambang Setiawan, director general of coal, mineral and geothermal energy at the ministry, said on Wednesday that the mining law and its implementing regulations had done little to reassure companies operating here.
“This has created confusion for the investors,” he said.
He added that another cause of concern was the law’s domestic market obligations requiring mining companies to set aside a portion of their output to meet local demand, as well as the requirement for foreign investors to have a local partner.
The Energy Ministry has set a target for investment in the sector to increase by 56 percent from $18 billion in 2009 to $28 billion this year, including $2.5 billion in the mining sector.
The country has been struggling to secure investment to accelerate economic growth to between 6 percent and 7 percent a year. The tangle of laws and regulations has left many potential investors sitting on the sideline. The economy this year is expected to grow by about 5.5 percent.
Source: The Jakarta Globe ( By: Reva Sasistiya)
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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 establi ...
Monday, 05 April 10
MARCO POLO MARINE SECURES US$20 MILLION 4-YEAR COAL TRANSSHIPMENT CONTRACT
COALspot.com: Accordign to Mraco Polo Marine website, Singapore Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logisti ...
Saturday, 03 April 10
SHIPS OPENING FAREAST CONTINUE TO BE STRUGGLING FOR CARGOES - VISTAAR
COALspot.com: The dry bulk freight market continues to be under pressure and all the indices were down this week except for Cape size index which wa ...
Friday, 02 April 10
XSTRATA RAISES BENCHMARK COAL PRICE AS MUCH AS 40% - BLOOMBERG
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used for power, raised benchmark prices for the fuel to an unidenti ...
Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
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- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- The University of Queensland
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
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