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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, 10 May 11
DRY BULK MARKET KEEPS ON RISING, OUTLOOK MIXED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward once again on Monday, with the Baltic Dry Index rising by 0.6% to 1,348, although the Capesize market was 0.57% l ...
Monday, 09 May 11
THAILAND COAL IMPORTS SURGE IN Q1 - ICAP SHIPPING
Thailand's coal imports leapt 20% in Q1 and the country looks set to import its largest ever volume in 2011 as quoted by ICAP Shipping web site.
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Monday, 09 May 11
KOSPO SEEKING 65KT STEAMING COAL
COALspot.com - Korea Southern Power Co (KOSPO) issues tender for 65000 Mt of Steaming Coal Supply with a minimum CV of 4,500 kcal/kg on NAR basis. D ...
Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 11 ...
Monday, 09 May 11
DIAN SWASTATIKA Q1 PROFIT SOARS 511 PERCENT - INSIDER STORIES
PT Dian Swastatika Sentosa Tbk (DSSA), parent of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of t ...
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- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Australian Coal Association
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
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