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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 $14 billion in potential investment in these projects have been delayed due to this problem,” he said.
Masnellyarti Hilman, a deputy minister for nature conservation enhancement and environmental degradation control at the Environment Ministry said that the conflict between mining activities and environmental issues have always been one sided.
“We always talk about the mining sector contribution to the state budget, but we never discuss on how much the government has to spend for disasters caused by environmental damage,” she said.
Source: The Jakarta Post
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Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
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- Parliament of New Zealand
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
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