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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, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
Thursday, 14 October 10
COAL PRICES AT QINHUANGDAO PORT UP - CAPITALVUE
Capitalvue reported that, prices of steam coal yielding 5,500 kilocalories per kilogram (kcal/kg) in Qinhuangdao Port have risen five yuan to 715-72 ...
Thursday, 14 October 10
DRY BULK MARKET MAINTAINS POSITIVE TREND ON FIRMER CHINESE IRON ORE DEMAND
The dry bulk market has kept its upward trend set since last week, with the industry’s main benchmark, the Baltic Dry Index (BDI) rising to 2, ...
Tuesday, 12 October 10
DRY BULK MARKET LOOKING FOR DIRECTION AFTER WEEK OF CAPESIZE GROWTH
The dry bulk market ended Monday unchanged from Friday’s closing, today standing at 2,695 points. In summary, the capesize and the supramax se ...
Tuesday, 12 October 10
COAL SPOT TRADING MAY SOOTH PRICING CONFLICTS - GLOBAL TIMES
Global Times reported that, Tianjin-based Bohai Commodity Exchange launched steam coal for spot trading for the first time Monday. Steam coal is mai ...
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- Singapore Mercantile Exchange
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- Parliament of New Zealand
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- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
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- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Bhatia International Limited - India
- Commonwealth Bank - Australia
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- Thai Mozambique Logistica
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
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- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
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- Central Electricity Authority - India
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- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
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- Trasteel International SA, Italy
- Economic Council, Georgia
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- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
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- VISA Power Limited - India
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- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
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- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
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- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
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- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
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- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
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- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
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- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
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- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Interocean Group of Companies - India
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- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
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- Salva Resources Pvt Ltd - India
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- Romanian Commodities Exchange
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- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
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- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
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- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
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- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
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- Holcim Trading Pte Ltd - Singapore
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