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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 $14 billion in potential investment in these projects have been delayed due to this problem,” he said.
Masnellyarti Hilman, a deputy minister for nature conservation enhancement and environmental degradation control at the Environment Ministry said that the conflict between mining activities and environmental issues have always been one sided.
“We always talk about the mining sector contribution to the state budget, but we never discuss on how much the government has to spend for disasters caused by environmental damage,” she said.
Source: The Jakarta Post
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Tuesday, 10 March 15
OIL PRICE FORECASTING - IGNORE THE EXPERTS: COLIN MARSHALL
KNOWLEDGE TO ELEVATE
Experts put themselves on a pedestal, making claims to have special forecasting abilities for oil price trends. They, too ...
Tuesday, 10 March 15
FOB NEWCASTLE COAL SWAPS HEADING SOUTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 0.24 per MT (-0.47%) month over month and US$ 1.52 (-2.93%) we ...
Tuesday, 10 March 15
CFR SOUTH CHINA POWER-STATION COAL SWAPS DECLINE
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery fell US$ 0.42 (-0.74%) per MT month over month and declined US$ 1.00 &nbs ...
Monday, 09 March 15
INDONESIA GREETS INDIA RATE CUT AS GOOD FOR EXPORTS - GLOBEASIA
Indonesian commodity producers and economists have hailed the Indian central bank’s rate cut as good for boosting exports from Southeast Asia ...
Monday, 09 March 15
CHINA'S SUPREME COURT ISSUES NEW JUDICIAL INTERPRETATION ON SHIP ARREST AND JUDICIAL SALE OF SHIPS - GARD
KNOWLEDGE TO ELEVATE
China is not traditionally a popular jurisdiction for ship arrest. However, Members and clients with ships calling at por ...
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- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Planning Commission, India
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- PTC India Limited - India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
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