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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 $14 billion in potential investment in these projects have been delayed due to this problem,” he said.
Masnellyarti Hilman, a deputy minister for nature conservation enhancement and environmental degradation control at the Environment Ministry said that the conflict between mining activities and environmental issues have always been one sided.
“We always talk about the mining sector contribution to the state budget, but we never discuss on how much the government has to spend for disasters caused by environmental damage,” she said.
Source: The Jakarta Post
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Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advanta ...
Thursday, 10 February 11
SUPRA RATES IMPROVED A LITTLE OVER US$ 6K BSS N. CHINA DELIVERY FOR INDO-INDIA AND THAILAND ROUNDS - FEARNBULK
Handy
Atl is still weak with little fresh enquiry and an accumulation of spot tonnage.Owners are reluctant to send tonnage thru Suez due to uncert ...
Thursday, 10 February 11
BUKIT ASAM EXPECTS ABOVE RP 3 TRIO PROFIT
The state-owned coal miner PT Tambang Bukit Asam Tbk (PTBA) expects to reach 2011's net profit above Rp 3 trillion (US$ 336,322,568) from above Rp2 ...
Wednesday, 09 February 11
INDONESIA ALLOWED 60 COAL TRADING COMPANIES TO EXPORT COAL
COALspot.com - A temporary ban imposed on coal traders in January has lifted this week. As of today 60coal trading companies were allowed to resume ...
Tuesday, 08 February 11
INDIA'S SIMHAPURU TARGETS S.AFRICAN COAL - ECONOMIC TIMES
Economic Times reported that, India's Simhapuri Energy , a unit of the Madhucon Group , wants to buy new or existing collieries in South Africa fro ...
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- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
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