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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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Monday, 07 September 09
VALE SPENT $300 MILLION AT MOZAMBIQUE COAL MINE
Bloomberg rported that, Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in ...
Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of impo ...
Monday, 07 September 09
INDIAN COAL MAY NOT POWER NEW UMPPS
The Economic Times reported that, bidders for new ultra mega power projects (UMPP) may not get assured coal supplies from domestic mines. As per the ...
Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.The Panamax index went up b ...
Saturday, 05 September 09
SHANXI AIMS TO MAINTAIN 2009 COAL OUTPUT AT LAST YEAR'S LEVEL
Interfax-China reported that, Shanxi Province, the country's second-largest coal producing region, is aiming to keep its annual coal output a ...
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- Lanco Infratech Ltd - India
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- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
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- Port Waratah Coal Services - Australia
- MS Steel International - UAE
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- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
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- CNBM International Corporation - China
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- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
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- Ministry of Finance - Indonesia
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- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
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- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
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- Minerals Council of Australia
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- Tamil Nadu electricity Board
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- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
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- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
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- Indogreen Group - Indonesia
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- Heidelberg Cement - Germany
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- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
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- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
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- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
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- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
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- The University of Queensland
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
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- Banpu Public Company Limited - Thailand
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- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
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- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
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- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
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- Indonesian Coal Mining Association
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- Petrochimia International Co. Ltd.- Taiwan
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- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
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- Timah Investasi Mineral - Indoneisa
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- Planning Commission, India
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- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
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- Global Business Power Corporation, Philippines
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- European Bulk Services B.V. - Netherlands
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