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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, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
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- Bulk Trading Sa - Switzerland
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- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
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- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
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- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
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- Directorate Of Revenue Intelligence - India
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- Medco Energi Mining Internasional
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- Global Green Power PLC Corporation, Philippines
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- Ministry of Mines - Canada
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- IEA Clean Coal Centre - UK
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- Petron Corporation, Philippines
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- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Australian Coal Association
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- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
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- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Parliament of New Zealand
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- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
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- OPG Power Generation Pvt Ltd - India
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- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
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- Merrill Lynch Commodities Europe
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- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
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- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
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- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Planning Commission, India
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
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- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
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- Indonesian Coal Mining Association
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- Mintek Dendrill Indonesia
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