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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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Wednesday, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...
Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...
Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter"
The Decembe ...
Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...
Tuesday, 26 January 10
AUSTRALIAN FIRM TO MINE COAL IN WEST BENGAL
India Resources Ltd (IRL), a mining firm listed on the Australian Stock Exchange, has decided to enter into contract mining of coal in
India ...
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- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Australian Coal Association
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- White Energy Company Limited
- Planning Commission, India
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- The University of Queensland
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
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