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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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Saturday, 28 March 15
THE DRY BULK FLEET AT BREAKING POINT - CLARKSONS
The severe oversupply in the bulkcarrier fleet has contributed to the current trough in the dry bulk market, putting considerable financial pressur ...
Friday, 27 March 15
INDONESIA: NEW REGULATION REQUIRES LETTER OF CREDIT FOR EXPORT OF PRODUCTS FROM NATURAL RESOURCES
The Minister of Trade issued Ministerial Regulation No. 04/M-DAG/PER/1/2015 (“Regulation No. 4/2015”) on 5 January 2015. Regulati ...
Friday, 27 March 15
WEEKLY U.S COAL OUTPUT FALLS 1.7% W-W; 7.9% Y-Y
COALspot.com – United States the world's one of the largest coal producers, produced approximately totaled an estimated 18.2 million ...
Thursday, 26 March 15
CHINA IRON ORE IMPORT FOR THE FIRST 2 MONTHS DECLINED BY 1.2 % Y-O-Y; PANAMAX AUSSIE/CHINA ROUNDS BEING FIXED IN THE $4 -5K RANGE - FEARNLEYS
Handy
There has been more activity in both hemispheres this week. Especially the USG market has picked up with more cargoes for prompter dates en ...
Thursday, 26 March 15
RATES FOR THE SMALLER SIZE SEGMENT CONTINUED TO IMPROVE LAST WEEK - INTERMODAL
To see green across the board is a rare occurrence in the Dry Bulk market nowadays and while the upside in which last week closed off is not of the ...
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- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Minerals Council of Australia
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
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