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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, 08 May 15
COAL PRODUCTION IN U.S. UP 3.2% THIS PAST WEEK - EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 17.4 million short ...
Wednesday, 06 May 15
COMBINATION OF HOLIDAYS AND A SHAKY MARKET PUT ADDITIONAL PRESSURE ON RATES
COALspot.com: The combination of holidays and a shaky market is always a recipe for additional pressure on rates and last week was no exception. Wi ...
Wednesday, 06 May 15
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
The first four months of 2015 are now behind us and they make up for a decent amount of time to look back and assess how the year is evolving so fa ...
Tuesday, 05 May 15
MIFA BERSAUDARA UNIT OF ABM INVESTAMA STARTS OPERATING $200M COAL MINE IN ACEH
Reswara Minergi Hartama, a coal mining unit of coal miner ABM Investama known as known as Reswara, inaugurated a $200 million integrated coal minin ...
Tuesday, 05 May 15
FREIGHT DERIVATIVE VOLUMES REACHED TOTALED 14,154 CONTRACTS IN APRIL - SGX
COALspot.com: “Our unique suite of freight and bulk commodity products provides market participants with a wide range of trading strategies a ...
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- Australian Coal Association
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- The University of Queensland
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
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