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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, 29 May 15
COAL PRODUCTION IN THE U.S. ALMOST FLAT THIS PAST WEEK
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 16.1 million short ...
Friday, 29 May 15
SOUTH KOREAN STATE-OWNED UTILITY KOREA MIDLAND POWER INVITES BIDS FOR 780K MT OF COAL FOR H2' 15
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to buy total 780K Metric Tons (MT) of HCV and LCV ...
Thursday, 28 May 15
TIMEBAR FOR DEMURRAGE CLAIMS - SKULD
KNOWLEDGE TO ELEVATE
English law has traditionally had a strict approach to contractually agreed time bars between commercial parties as well ...
Wednesday, 27 May 15
MARKET INSIGHT - TIMOS PAPADIMITRIOU
Earlier in the year I looked at how the market was reacting to the prolonged fall of the price of oil. Back then it was still unclear if the fallin ...
Tuesday, 26 May 15
HOW HAS THE DROP IN OIL PRICES AFFECTED OTHER COMMODITIES? - CLYDE & CO
KNOWLEDGE TO ELEVATE
The effects of the dramatic drop in the price of both Ice March Brent, the international oil marker, and its US counterpa ...
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- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- White Energy Company Limited
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
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