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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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Sunday, 31 July 11
CAPES ARE TRADING BELOW $ 9500 PER DAY - VISTAAR
COALspot.com - The BDI further softened by 4.46 pct and closed at 1264 points which touched below 1300 points after long time. The Cape and Panamax ...
Friday, 29 July 11
5300 ADB COAL WILL BE AT US$ 60/TON IN THIS QUARTER - RAIN
COALspot.com - PT Resource Alam Indonesia Tbk (KKGI) seeing the average selling price of its coal for the third quarter of this year will increase t ...
Thursday, 28 July 11
PTBA'S COAL PRICES UP IN H1 2011
COALspot.com - Bukit Asam’s coal prices in the second half of 2011 will expected to be higher than the first half of this year, said Sukrisno, ...
Thursday, 28 July 11
RESOURCE ALAM 1H PROFIT SURGES 208 PERCENT
Indonesia's tenth largest coal miner in term of concessions, PT Resource Alam Indonesia (KKGI), part of Rain Group, today reported a skyrocket net ...
Thursday, 28 July 11
DRY BULK MARKET EDGES FURTHER DOWN ON ADDED PRESSURE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Baltic Dry Index (BDI), an indicator of dry bulk freight rates has reached new lows this week, with yesterday’s session ending further dow ...
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- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
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