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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, 08 May 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND PANAMAX / $ 21500 & SUPRAMAX / $ 18500 PER DAY - VISTAAR SHIPPING
COALspot.com: The BDI continued to go up and was up by 7.57 pct even though the stock markets was severely affected with worries on Greek debt crisi ...
Saturday, 08 May 10
MAHAGENCO TO IMPORT 3.35 MILLION TON OF COAL
COALspot.com: Indian utility Maharashtra State Power Generation Co. Ltd. is in market for 3.35 million tones of imported coal. The purchase of coal ...
Saturday, 08 May 10
NAPOCOR BUYS 122,000 TONS COAL - ABC CBN NEWS
ABC - CBN News reported that, State-run National Power Corp. (Napocor) said on Thursday it awarded 2 contracts for the supply of a total 122,000 ton ...
Saturday, 08 May 10
RICHARDS BAY COAL SHIPMENTS FALL TO AN 11-MONTH LOW - BLOOMBERG
Bloomberg reported that, Coal shipments from Richards Bay Coal Terminal, Africa’s biggest export facility for the fuel, fell to an 11-month lo ...
Tuesday, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by ...
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- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- White Energy Company Limited
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Australian Coal Association
- VISA Power Limited - India
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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