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Thursday, 03 June 10
INDO GOVERNMENT TRIES TO CALM BUSINESSES FEARS OVER FOREST - CLEARING MORATORIUM
 The Jakarta Globe reported that, as producers of coal and palm oil continued to howl, the government on Tuesday offered reassurances that the development of the nation’s industries and power infrastructure would not be threatened by the moratorium on deforestation announced during the president’s visit to Oslo last week.
Meanwhile, businesses complained about the moratorium, saying there were not consulted or even informed, and warned of falling coal and palm oil output, as well as the effect on the investment climate.
Agus Purnomo, head of the National Climate Change Council, clarified how the government would treat companies with existing permits to develop natural forests and peatlands after worrying businesses on Monday with comments that some of the licenses would be revoked.
On Tuesday, he explained that license holders who had already initiated work on their concessions could continue, while those who did not must relocate but would be compensated with permits for other sites.
“Our goal is to save the remaining primary natural forests and peatlands, not to make life difficult for everyone,” Agus said.
He added that the government would provide additional information to permit holders regarding their concessions within the next six months.
Meanwhile, Coordinating Minister for the Economy Hatta Rajasa said construction of new power plants and other small-scale developments would continue despite the moratorium.
“Sectors that only require small-scale land will still be allowed to continue operating, such as sectors related to infrastructure, meaning power plants,” Hatta said.
He also responded to concerns that the moratorium would threaten plans to secure the nation’s food supply through agro-development, including the massive food estate planned for Merauke, Papua.
“The new scheme will not affect our food and commodity supply because it will only cover primary forests, and there are about seven million hectares of land outside of these forests that can be used for fulfilling our requirements,” he said.
President Susilo Bambang Yudhoyono last week agreed to a two-year moratorium on the clearing of natural forests in exchange for $1 billion in financial compensation from Norway as part of efforts to fight climate change. Indonesia ranks third globally in carbon emissions, mostly from deforestation.
The Indonesian Coal Producers Association (APBI) warned on Monday that the moratorium could cut production, even as national coal demand is expected to double over the next five years. Bob Kamandanu, chairman of the group, told Reuters that the country’s new environmental laws were the “biggest issue facing the industry” in Indonesia, the world’s largest exporter of power-station coal.
Similarly, the Indonesian Palm Oil Board (DMSI) said the moratorium could cut the industry’s expansion rate in half over the next decade.
On Tuesday, Didiek Goenadi, a senior official with Investment Coordinating Board (BKPM), said forests and peatlands that hold large carbon reserves can still be preserved while giving planters an option to swap out to degraded land, Reuters reported.
“We can help save forests and achieve our target of 40 million tons of crude palm oil by 2020. It is achievable,” Goenadi said.
The Indonesian Chamber of Commerce and Industry (Kadin) complained on Tuesday that the government did not give the business community advance warning of the moratorium, and said that such unpredictability could hurt the nation’s overall investment climate.
“We just knew about the decision in Oslo from the media. There was no publication at all before it,” said Adi Putra Tahir, Kadin’s acting chairman.
Adi said the chamber did not necessarily oppose the moratorium, and noted potential economic benefits derived the climate change fight. But he questioned the impact on investment, a large part of which goes to developing forested lands for large-scale food crop estates, mining sites and seed oil plantations.
Source: The Jakarta Globe
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Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
Thursday, 15 July 10
IRON ORE PRICING MECHANISMS PUT ON THE SPOT
THE new iron ore pricing mechanisms that killed off the annual benchmark system are coming under pressure. The spot price of the steel feed has fall ...
Thursday, 15 July 10
NTPC TO PURSUE COAL MINE ACQUISITION IN AUSTRALIA, INDONESIA - BUSINESS STANDARD
Business-Standard reported that, NTPC, the India’s largest power producer, has set the ball rolling to acquire coal mines or form joint ventur ...
Wednesday, 14 July 10
SUCCESSFUL COMMISSIONING OF GTLE LOW RANK COAL UPGRADING PLANT
COALspot.com: GTL Energy Ltd (GTL Energy) announced that construction and commissioning of its proprietary ‘first-of-a-kind’, low rank c ...
Tuesday, 13 July 10
BUMI TO PRODUCE MORE THAN 67 MILLION TONS OF COAL IN 2010
COALspot.com: Bumi resources, Indonesia’s largest coal producer has previewed its operating results in KPC/Arutmin for Jan – Jun 2010. A ...
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- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
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- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
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- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
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- Samtan Co., Ltd - South Korea
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- Energy Development Corp, Philippines
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- Interocean Group of Companies - India
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- White Energy Company Limited
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
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- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- The University of Queensland
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Planning Commission, India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
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- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
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- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
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