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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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Monday, 17 May 10
S. AFRICA CUTS EUROPE COAL SUPPLY, ASIA SALES RISE, TRADER SAYS - BLOOMBERG
Bloomberg reported that, South Africa’s Richards Bay Coal Terminal, Europe’s biggest source of the fuel burned for power, cut shipments ...
Monday, 17 May 10
GREEK CRISIS TO SEE FREIGHT RATES FALL BANGKOK POST
The Greek debt crisis will likely cause shipping rates to fall this quarter enabling SET-listed Precious Shipping Plc to buy second-hand vessels at ...
Monday, 17 May 10
NEWCASTLE COAL QUEUES COULD BE HISTORY - THE HERALD
NEWCASTLE'S infamous coal queues could be a thing of the past if a plan to have the ships anchor over the horizon succeeds against the doubts of it ...
Sunday, 16 May 10
THREE FIRMS SHORTLISTED FOR CIL'S $ 2BN OVERSEAS PROJECTS - ECONOMIC TIMES
Economic Times reported that, State-owned Coal India Ltd (CIL) has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/S ...
Sunday, 16 May 10
INDIKA ENERGY & COAL ASSETS EXPANSION
Insider stories reported that, PT Indika Energy Tbk (INDY) has three portfolio coal assets, PT Kideco Jaya Agung, coal asset in East Kalimanta ...
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- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
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- Kaltim Prima Coal - Indonesia
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- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
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- Parry Sugars Refinery, India
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- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
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- McConnell Dowell - Australia
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- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
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- Directorate General of MIneral and Coal - Indonesia
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- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
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- Chettinad Cement Corporation Ltd - India
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- Power Finance Corporation Ltd., India
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- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
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- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
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- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
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- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
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- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- PTC India Limited - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Australian Coal Association
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
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- Karbindo Abesyapradhi - Indoneisa
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- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Planning Commission, India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
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