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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, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
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- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Romanian Commodities Exchange
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- The University of Queensland
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
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