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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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Friday, 28 August 15
DRY BULK SHIP OWNER OPTIMISTIC ABOUT FUTURE PROSPECTS OF THE MARKET: NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Dry bulk ship owner Golden Ocean appeared optimistic on the long term prospects of the dry bulk market, mainly thanks to an expected resolution of ...
Friday, 28 August 15
COAL PRODUCTION IN THE U.S. FOR THE WEEK ENDING AUGUST 22 ROSE FOR THE THIRD STRAIGHT WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.5 million shor ...
Friday, 28 August 15
BANPU STRENGTHENS GROWTH PLAN
Coal Business: Asia-Pacific Synergies Increase Competitiveness for Premium Export Market.
Banpu Public Company Limited (BANPU) strengthens its ...
Thursday, 27 August 15
RATES FOR CAPES REMAINED ON A FREE FALL LAST WEEK - INTERMODAL
COALspot.com: Keeping everyone on their toes with the volatility seen in August, the Dry Bulk market undoubtedly remains a steady provider of chall ...
Wednesday, 26 August 15
MARKET INSIGHT - STRATOS TINIAKOS
It’s always interesting to comment on the market when big economies around the world are facing troubling times. Following the collapse of th ...
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- India Bulls Power Limited - India
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- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
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- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
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- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
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- Africa Commodities Group - South Africa
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- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
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- Attock Cement Pakistan Limited
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- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
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- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
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- Directorate Of Revenue Intelligence - India
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- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
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- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
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- Marubeni Corporation - India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
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- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
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- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- The University of Queensland
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- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
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- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
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- PTC India Limited - India
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- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
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- Antam Resourcindo - Indonesia
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- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- White Energy Company Limited
- Kumho Petrochemical, South Korea
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- Toyota Tsusho Corporation, Japan
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