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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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Tuesday, 23 August 11
COAL DEMAND IS REMAINED STRONG IN SPITE OF CURRENT GLOBAL ECONOMIC UNCERTAINTY - BUMI
COALspot.com - Indonesia's largest coal producer, PT Bumi Resources, Tbk (BUMI)'s sales revenue has increased to US$1.79 billion (compared with US ...
Tuesday, 23 August 11
PENRHYN COAL USING EVERGREEN ENERGYS COAL UPGRADING PROCESS
Evergreen Energy Inc has announced the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy’s coal upgradi ...
Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge ...
Monday, 22 August 11
INDONESIA TO BAN BELOW 5700 KCAL/KG COAL FOR EXPORT
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners ...
Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY
COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s c ...
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- Bhatia International Limited - India
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- Chamber of Mines of South Africa
- Ministry of Mines - Canada
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- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
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- Tata Chemicals Ltd - India
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- Siam City Cement PLC, Thailand
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- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
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- IHS Mccloskey Coal Group - USA
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- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
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- Bulk Trading Sa - Switzerland
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- Indian Energy Exchange, India
- The University of Queensland
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- Trasteel International SA, Italy
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Carbofer General Trading SA - India
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- Neyveli Lignite Corporation Ltd, - India
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- Parliament of New Zealand
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- The Treasury - Australian Government
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- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
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- McConnell Dowell - Australia
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- TNB Fuel Sdn Bhd - Malaysia
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- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
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- Minerals Council of Australia
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- Romanian Commodities Exchange
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- Central Electricity Authority - India
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- Sical Logistics Limited - India
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- Riau Bara Harum - Indonesia
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
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- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
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- VISA Power Limited - India
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- San Jose City I Power Corp, Philippines
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- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
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- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- GAC Shipping (India) Pvt Ltd
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- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
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- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
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- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
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- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
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- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
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