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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, 08 July 10
DRY BULK MARKET STILL PLUNGING, NOW STANDING AT 14 MONTH LOWS
The dry bulk shipping market’s demise isn’t over yet, as the industry’s main benchmark, the Baltic Dry Index (BDI) has been on a f ...
Wednesday, 07 July 10
MACQUARIE SEES CHINA COMMODITIES PRICE FALLS AND CUTBACKS AHEAD - MINEWEB
MineWeb reported that, The research arm of Australia's Macquarie Bank - one of the most reliable of China watchers - in its latest briefing on Chin ...
Wednesday, 07 July 10
COAL PRICES ON THE RISE
Caixin online reported that, China's domestic coal prices have seen a 26.2 percent year-on-year rise in May. Meanwhile, the volume of coal im ...
Tuesday, 06 July 10
INCREASE IN DRY BULK SPOT FIXTURES UNABLE TO BOOST RATES, LOSING STREAK CONTINUES
Yet another week began on a negative note for the dry bulk shipping market, with the Baltic Dry Index posting its 28th straight losing daily session ...
Tuesday, 06 July 10
KEPCO, POSCO BUY AUSTRALIAN COAL MINES - CHOSUN
Chosun reported that, Electricity monopoly KEPCO and steelmaker POSCO have both bought coal mines in Australia.
KEPCO signed a 400 million Austra ...
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- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
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