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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 $14 billion in potential investment in these projects have been delayed due to this problem,” he said.
Masnellyarti Hilman, a deputy minister for nature conservation enhancement and environmental degradation control at the Environment Ministry said that the conflict between mining activities and environmental issues have always been one sided.
“We always talk about the mining sector contribution to the state budget, but we never discuss on how much the government has to spend for disasters caused by environmental damage,” she said.
Source: The Jakarta Post
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Sunday, 18 April 10
GOVT FORMS PANEL FOR RS 12,000-CR (US$ 2.711 BILLION) COAL INDIA IPO - ECONOMIC TIMES
Economic Times reported that, the government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore (US$ 2.711 billion) ...
Sunday, 18 April 10
THE FUTURES FOR THREE YEARS (2010-2012) FOR PANAMAX WAS AT AROUND US$ 21500 PER DAY - VISTAAR
COALspot.com: The BDI indices up by 3.30 pct and overall market continued to be firm except for India to Fareast.
“The cape index for the f ...
Saturday, 17 April 10
DRY BULK SHIPPING MARKET ANALYSIS - BIMCO
Strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet Demand: The first quarter of 2010 saw up ...
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much hig ...
Friday, 16 April 10
KRISHNAPATNAM PORT IS IRONING ITS WAY INTO RECORD BOOKS
COALspot.com: Krishnapatnam Port achieved a new benchmark by loading 60,021 MT of Iron Ore fines in just 24 hrs surpassing its previous record of 54 ...
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- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Bhatia International Limited - India
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- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
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- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
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- Kartika Selabumi Mining - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
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- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Deloitte Consulting - India
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
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- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
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