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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 $14 billion in potential investment in these projects have been delayed due to this problem,” he said.
Masnellyarti Hilman, a deputy minister for nature conservation enhancement and environmental degradation control at the Environment Ministry said that the conflict between mining activities and environmental issues have always been one sided.
“We always talk about the mining sector contribution to the state budget, but we never discuss on how much the government has to spend for disasters caused by environmental damage,” she said.
Source: The Jakarta Post
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Sunday, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore.
BDI hits a new high ...
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...
Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...
Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...
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- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Planning Commission, India
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
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