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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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Wednesday, 20 May 15
TANKER MARKET INSIGHT - JOHN N. COTZIAS
Since Early October 2014 the tanker market has been experiencing a very positive momentum and has continued its strong performance so far in 2015. ...
Wednesday, 20 May 15
FOB RICHARDS BAY COAL SWAPS GAINED M-O-M, W-O-W
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 increased month over month and week over week.
The Q3 swap has increas ...
Wednesday, 20 May 15
BUKIT ASAM'S AVERAGE EXPORT PRICE WAS UNDER PRESSURE DURING Q1
COALspot.com: Indonesia’s state owned coal producer saw their profits fall in the first quarter of the year compared to the same period last ...
Wednesday, 20 May 15
IRON ORE PRICES TO REMAIN WEAK ON LOW DEMAND, HIGH OUTPUT - FITCH
Iron ore prices will stay low for several years due to increasing supply, weak demand growth in China and the slower-than-expected closure of high- ...
Tuesday, 19 May 15
KOMIPO IS SEEKING TOTAL 2.34 MMT OF HCV AND LCV COAL FOR 2015 - 2017
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to buy total 2.34 million Metric Tons (MT) of HCV ...
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- Sinarmas Energy and Mining - Indonesia
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- Central Electricity Authority - India
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- White Energy Company Limited
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- SMG Consultants - Indonesia
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- Merrill Lynch Commodities Europe
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- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
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- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
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- Ministry of Transport, Egypt
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- Aditya Birla Group - India
- Bangladesh Power Developement Board
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- SN Aboitiz Power Inc, Philippines
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- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
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- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
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- Trasteel International SA, Italy
- Eastern Energy - Thailand
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- SMC Global Power, Philippines
- Singapore Mercantile Exchange
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- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Latin American Coal - Colombia
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- Planning Commission, India
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
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- Global Business Power Corporation, Philippines
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- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
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- Parliament of New Zealand
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- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
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- Globalindo Alam Lestari - Indonesia
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- Cigading International Bulk Terminal - Indonesia
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- South Luzon Thermal Energy Corporation
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- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
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- Timah Investasi Mineral - Indoneisa
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