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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, 05 October 15
Q1 & Q2 2016 DELIVERY SWAPS DECLINED M-M AND W-W THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery decreased $0.36 per ton (0.85%) month over month to US$ 42.12 per ton. The ...
Monday, 05 October 15
Q1' 16 CFR SOUTH CHINA COAL SWAP CLOSED US$ 48.05 PER TON
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery down US$ 0.47 (0.96 %) per ton month over month.
A commodity swap is ...
Monday, 05 October 15
SMALL DECLINE IN 2014 SHIP OPERATING COSTS - MOORE STEPHENS
Total annual operating costs in the shipping industry fell by an average of 0.8% in 2014. This compares with the 0.3% average fall in costs recorde ...
Sunday, 04 October 15
THE INDO-INDIA FREIGHT MARKET REMAINS UNDER PRESSURE
COALspot.com: The BDI closed on Friday (2 Oct 2015) at 889 points, down by 54 points compared to previous Friday's closing ( 24 Sept 2015) of 9 ...
Friday, 02 October 15
COAL PRODUCTION IN THE UNITED STATES DECREASED THIS WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.5 million shor ...
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- Bhatia International Limited - India
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- PTC India Limited - India
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- White Energy Company Limited
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
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