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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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Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.
Bank of Tokyo Mitsubishi ...
Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...
Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several ...
Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combine ...
Monday, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small ...
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- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- The University of Queensland
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- MS Steel International - UAE
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
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