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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, 10 July 11
PTBA INCREASES SHARES IN COAL TRAIN PROJECT - TEMPO INTERACTIVE
TEMPO Interactive reported that, PT Tambang Batubara Bukit Asam (PTBA) is still studying the plan to buy 20 percent of shares in the PT Bukit Asam T ...
Sunday, 10 July 11
DRY BULK MARKET SHOWING SIGNS OF IMPROVEMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Stronger Capesize demand has helped propel the dry bulk market forward this week, with the Baltic Dry Index (BDI) ending yesterday’s session u ...
Sunday, 10 July 11
INDONESIAN BAYAN RESOURCES TO SUPPLY 100 MILLION TONS OF COAL TO INDIAN UNIVERSAL SUCCESS ENTERPRISES LIMITED
Coal miner PT Bayan Resources Tbk (BYAN), that is owned by Dato' Low Tuck Kwong, has entered into a conditional sales and purchase agreement to sup ...
Thursday, 07 July 11
BELOW 5100 COAL WILL BE BANNED FOR EXPORT BY 12 JANUARY 2014
COALspot.com - Indonesian government is in the process of drafting an amendment for government regulation 23/ 2010.
GR 23/2010 has issued to sup ...
Wednesday, 06 July 11
ATLAS RESOURCES TO OFFLOAD 17 PERCENT IPO - INSIDER STORIES
Coking and thermal coal miner PT Atlas Energi Resources aims to offload 17percent new shares of its enlarged capital after Eid-Fitri holidays, as qu ...
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- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- The University of Queensland
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
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