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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, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...
Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...
Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has ca ...
Tuesday, 05 January 10
SUPRAMAX MARKET REMAINED QUIET OVER THE LAST 10 DAYS BRS - DRY BULK
Despite a damp end to the year for bulk rates, shipping has weathered the storm far better than was initially expected in the wake of the financ ...
Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the risin ...
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- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Australian Coal Association
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
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