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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, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen to jointly develop coal business in India ...
Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 ...
Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...
Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...
Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...
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- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- The University of Queensland
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
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