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Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
 The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining projects, a business association says, as reported by The Jakarta Post.
“The development of new mining projects might be delayed due to the moratorium. Mining projects such as BHP’s project in Maruwai could be affected,” Supriatna Suhala, executive director of the Indonesian Coal Mining Association (ICMA), told reporters Wednesday.
BHP Billiton, the world’s largest mining company, and local partner PT Adaro Energy are developing the Maruwai coal project in East and Central Kalimantan and waiting for forest land-use permits from the government. BHP said their concession held 774 million tons of undeveloped metallurgical and thermal coal.
Supriatna added that the moratorium might also affect the existing companies who need to expand their concessions. “There are some companies whose forest land-use permits will expire within two years. They may have to stop operating,” he added.
The moratorium was still under discussion and the association had submitted their views to the Forestry Ministry, Supriatna added.
In late May, the government signed an agreement with Norway to implement a two-year moratorium on forest conversions to reduce carbon emissions.
In exchange, Indonesia will receive a US$1 billion grant to reduce deforestation.
The government is preparing a presidential decree to implement the agreement.
Indonesia Mining Association (IMA) executive director Priyo Pribadi Soemarno said he was more concerned about the draft presidential decree draft than the agreement with Norway .
“The agreement only says the moratorium is aimed at reducing emission by halting forest use permits for natural forests and peat forests. We fully support this as most mining operations in Indonesia are outside natural forests and peatlands,” Priyo said.
He added that the draft raised more concerns as there was an article stating that the government would review previously-granted concessions.
“This reflects an effort to withdraw what has been given and this will have a bad effect on investment,” Priyo said.
Even without the moratorium, many mining projects, such as the $500 million zinc and black tin project by Dairy Prima and the Elang copper project by PT Newmont Nusa Tenggara, have been in limbo for years due to permit problems, he said.
Both projects are stuck because the permits have not been granted yet by the government.
Priyo said that eight projects were in a similar situation.
“Around $14 billion in potential investment in these projects have been delayed due to this problem,” he said.
Masnellyarti Hilman, a deputy minister for nature conservation enhancement and environmental degradation control at the Environment Ministry said that the conflict between mining activities and environmental issues have always been one sided.
“We always talk about the mining sector contribution to the state budget, but we never discuss on how much the government has to spend for disasters caused by environmental damage,” she said.
Source: The Jakarta Post
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Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...
Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/- 5 percent of non-coking imported coal with ...
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...
Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...
Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...
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- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Planning Commission, India
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
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