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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 $14 billion in potential investment in these projects have been delayed due to this problem,” he said.
Masnellyarti Hilman, a deputy minister for nature conservation enhancement and environmental degradation control at the Environment Ministry said that the conflict between mining activities and environmental issues have always been one sided.
“We always talk about the mining sector contribution to the state budget, but we never discuss on how much the government has to spend for disasters caused by environmental damage,” she said.
Source: The Jakarta Post
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Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
Thursday, 12 August 10
ETA STAR INDIA PUTS FORWARD COAL MINING PLAN FOR TETE, MOZAMBIQUE, IN 2011
ETA Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present it ...
Thursday, 12 August 10
SUPRAS WERE FIXED IN THE MID/HIGH TEENS FOR INDO-INDIA TRIPS - FEARNBULK
Handy
Activity is gradually picking up in the Atlantic with more enquiries seen for short period tonnage for the end of August. With the grain sea ...
Thursday, 12 August 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 94.86 FOR AUGUST 2010 SUPPLIES
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it ...
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- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
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- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
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- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Planning Commission, India
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- Mercuria Energy - Indonesia
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- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
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- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
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- Standard Chartered Bank - UAE
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Mintek Dendrill Indonesia
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- IEA Clean Coal Centre - UK
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- Electricity Authority, New Zealand
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- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
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- Indian Oil Corporation Limited
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- Economic Council, Georgia
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- European Bulk Services B.V. - Netherlands
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- Thai Mozambique Logistica
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- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
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- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
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- Goldman Sachs - Singapore
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- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
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- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
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- The University of Queensland
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- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
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- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
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- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
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- LBH Netherlands Bv - Netherlands
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- Indian Energy Exchange, India
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- SMC Global Power, Philippines
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- Australian Coal Association
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
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- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
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