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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, 26 October 10
INDONESIA SHIPPED 5.32 PERCENT LESS COAL IN SEPTEMBER 10
COALspot.com: Indonesia, the world largest coal exporter, shipped 21,661,817 MT of coal in September 2010, which is 5.32 percent lesser than Au ...
Tuesday, 26 October 10
DRY BULK MARKET TO KEEP RISING THIS WEEK ON STRONG CHINESE IRON ORE AND THERMAL COAL DEMAND - HELLENIC SHIPPING
Overcapacitated or not, the dry bulk market keeps its positive momentum as we move forward this week, with the Baltic Dry Index (BDI) rising by 0.77 ...
Monday, 25 October 10
TWO CHINESE COMPANIES INK DEAL TO TAP AUSSIE COAL RESERVES
China Daily reportd that, two Chinese coal firms have teamed up to explore and develop coal resources in an area in Australia that has forecast rese ...
Monday, 25 October 10
DRY BULK MARKET STILL HEAVILY DEPENDENT ON CHINA, POSTS SMALL WEEKLY LOSS OF 1.27% - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With every twitch and turn from China’s metals industry, the dry bulk market is disproportionally affected, as evidenced by the course of the ...
Sunday, 24 October 10
SUPRAMAX VESSELS BEING FIXED AROUND $ 15 K PER DAY DELIVERY N. CHINA FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SHIPPING
COALspot.com: The freight market this week remained almost at same levels with not much change. However the Far East/SE Asia market was quite soft w ...
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- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Australian Coal Association
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Aditya Birla Group - India
- CNBM International Corporation - China
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Planning Commission, India
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
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