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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, 31 July 15
CAPE'S PAPER MARKET REMAINS FIRM - INTERMODAL
COALspot.com: The positive sentiment that the Dry Bulk market has been enjoying as of the previous month, was carried through last week as well, bu ...
Friday, 31 July 15
COAL PRODUCTION IN THE U.S. UP 3.6% FOR THE WEEK ENDING JULY 25
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.8 million shor ...
Friday, 31 July 15
CHINA'S NEW OIL IMPORT RULES HAVE MINIMAL IMPACT ON STATUS QUO - FITCH
Fitch Ratings says that China's looser criteria for crude oil import rights are a positive but modest step towards encouraging private-sector p ...
Thursday, 30 July 15
EFFECTS OF THE CHINESE STOCK MARKET CRISIS - INTERMODAL
All evidence is currently signaling that the Chinese stock market will be the newest hurdle for the global economy. With the world's second lar ...
Wednesday, 29 July 15
Q1'16 FOB INDONESIA COAL SWAP CLOSED HIGHER THAN Q3'15
COALspot.com: Indonesian coal swap for delivery Q3 2015 declined month on month and gains week over week, this past week.
The Q3 swap was decl ...
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- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
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- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
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- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
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- The University of Queensland
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- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
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- Wilmar Investment Holdings
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- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
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- Globalindo Alam Lestari - Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
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- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
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- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
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- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Planning Commission, India
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- The State Trading Corporation of India Ltd
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- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
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- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
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- Krishnapatnam Port Company Ltd. - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
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- Altura Mining Limited, Indonesia
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- Savvy Resources Ltd - HongKong
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- Chamber of Mines of South Africa
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- Ministry of Transport, Egypt
- MS Steel International - UAE
- Videocon Industries ltd - India
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- Medco Energi Mining Internasional
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- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
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- India Bulls Power Limited - India
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