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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 $14 billion in potential investment in these projects have been delayed due to this problem,” he said.
Masnellyarti Hilman, a deputy minister for nature conservation enhancement and environmental degradation control at the Environment Ministry said that the conflict between mining activities and environmental issues have always been one sided.
“We always talk about the mining sector contribution to the state budget, but we never discuss on how much the government has to spend for disasters caused by environmental damage,” she said.
Source: The Jakarta Post
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Thursday, 09 December 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 103.41 PMT FOR DECEMBER DELIVERY
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Thursday, 09 December 10
DRY BULK MARKET LOOKING FOR DIRECTION THIS WEEK, AS CAPESIZE SHIPS END THEIR MISFORTUNES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk has began the week on a positive note capitalizing on the positive sentiment which finally prevailed during the last days of the previo ...
Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia fo ...
Saturday, 04 December 10
INDONESIA TO INDIA AND CHINA SEA FREIGHT UP BY ABOUT US$ 2.50 PMT - CAPT. REDDY
COALspot.com - The freight market even though remained weak, but towards end of the week the market seemed to firm up.
The BDI was almost at sam ...
Saturday, 04 December 10
OFF WEST COAST OF INDIA TONNAGE IS SEEMINGLY QUITE SPARSE - FEARNBULK
Handy
The Atlantic markets are weak and remained unusually calm after the Thanksgiving ...
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- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- White Energy Company Limited
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Bhatia International Limited - India
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Planning Commission, India
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
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