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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 $14 billion in potential investment in these projects have been delayed due to this problem,” he said.
Masnellyarti Hilman, a deputy minister for nature conservation enhancement and environmental degradation control at the Environment Ministry said that the conflict between mining activities and environmental issues have always been one sided.
“We always talk about the mining sector contribution to the state budget, but we never discuss on how much the government has to spend for disasters caused by environmental damage,” she said.
Source: The Jakarta Post
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Monday, 14 December 15
CFR SOUTH CHINA COAL SWAP IS STILL SLIDING
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 0.93(2.18%) per ton month over month.
A commodity swap ...
Sunday, 13 December 15
THE LOW VESSEL DEMANDS PUSHED DOWN BALTIC DRY INDEX FURTHER DOWN
COALspot.com: The low vessel demand across nearly all vessel sizes pushed the Baltic Exchange’s main sea freight index further down in this F ...
Sunday, 13 December 15
DRY BULK RATES KEEP ON FALLING AS LOW VESSEL DEMAND IS STILL THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market nowadays is in an endless downward spiral, which as it turns out is unable to recover, at least as long as the current balance ...
Friday, 11 December 15
US COAL PRODUCTION UP 7.7% IN WEEK ENDED DECEMBER 5, 2015
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.1 million shor ...
Thursday, 10 December 15
LIENING CARGO - WHICH LIEN CLAUSE APPLIES TO THE BILL OF LADING? : WIKBORG REIN | HELLENIC SHIPPING NEWS
KNOWLEDGE TO ELEVATE
In a dry bulk market where a charterer is not paying freight or hire, its counterparty is often left to consider whether ...
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- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- The University of Queensland
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Planning Commission, India
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
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