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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, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
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- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- GMR Energy Limited - India
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Central Java Power - Indonesia
- PTC India Limited - India
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
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