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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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Wednesday, 15 December 10
LARGE ORDERBOOK TO HINDER 2011 DRY BULK MARKET REBOUND DESPITE INCREASED DEMAND SAYS PARAGON SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A large orderbook which currently stands at 53% of the existing fleet is expected to render 2011 another challenging year for the dry bulk marke ...
Wednesday, 15 December 10
SMALLER DRY BULK VESSELS ARE LOOKING UP, LARGER ONES FAIL TO DELIVER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground at the beginning of the week, in what could prove one of the slowest periods ship owners have been faced. Ye ...
Tuesday, 14 December 10
COAL IMPORTS MAY INCREASE 78% TO CHINA, INDIA: ENERGY MARKETS - BUSINESS WEEK
Business Week reported that, China and India may increase imports of coal by 78 percent to 337 million metric tons next year, further driving up pri ...
Tuesday, 14 December 10
BANPU PLANNING PRODUCTION BOOM - BANGKOK POST
Australian, Indonesian output to lead growth
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, wants to nearly double its coal ...
Tuesday, 14 December 10
THE FREIGHT RATES FROM INDONESIA TO INDIA AND CHINA REMAINED FIRM - CAPT. REDDY
COALspot.com - The freight market continued to be soft with the Cape sector most effected which was down by 289 points and closed at 2,694 poi ...
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- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- VISA Power Limited - India
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
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