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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, 01 March 11
GANGAVARAM PORT, AN INDIAN MODERN PORT CREATES RECORD
COALspot.com - Gangavaram Port, the deepest and the most modern port in India creates yet another record by discharging 65349 MT Coking Coal in 24 h ...
Monday, 28 February 11
COAL INDIA HIKES PRICES BY 12% FOR SELECT CONSUMERS - ECONOMIC TIMES
Economic Times reported that, Coal India has raised prices by an average 12% for some of its consumers from Sunday, boosting its revenue by 6,000 cr ...
Saturday, 26 February 11
CIL TO HIKE COAL PRICES BY 15 PC FROM TONIGHT - THE TIMES OF INDIA
The Times of India reported that, an Indian State-run coal producer, Coal India will raise the price of coal on an average by about 15 per cent with ...
Saturday, 26 February 11
SUPRAMAX INDEX WAS UP ABOUT 10 PERCENT THIS WEEK - VISTAAR
COALspot.com - The market started on a weak note and seemed to have lost the momentum seen the previous week. The main sectors affected were Cape an ...
Saturday, 26 February 11
PEABODY ENERGY ENTERS INTO COAL SOURCING AGREEMENT ACCESSING INDONESIAN COAL FOR EXPORT
Peabody Energy today said it has entered into an agreement with Indonesia's PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asi ...
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- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Australian Coal Association
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- PowerSource Philippines DevCo
- White Energy Company Limited
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
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