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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, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...
Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...
Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...
Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...
Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...
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- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- White Energy Company Limited
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
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