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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, 21 January 15
PANAMAX MARKET MOVED SIDEWAYS OVERALL LAST WEEK - INTERMODAL
COALspot.com: The positive sentiment in which the week prior ended carried on through-out last week as well, the end of which marked the first posi ...
Wednesday, 21 January 15
SHIFT IN INTERNATIONAL COAL TRADE TO THE PACIFIC BASIN WILL CONTINUE - IMF
COALspot.com: The shift in international coal trade to the Pacific Basin will continue, IMF said in its latest Medium-Term Coal Market Report.
...
Wednesday, 21 January 15
MARKET INSIGHT - VASSILIS LOGOTHETIS, INTERMODAL
The World Bank has lowered its forecast for global growth in 2015 to 3% down from its previous level of 3.4% amid rising concerns over the economic ...
Wednesday, 21 January 15
THERMAL COAL PRICE OUTLOOK DEPENDENT ON INDIAN IMPORT DEMAND - MATTHEW BOYLE, CRU
COALspot.com: Supply and demand side developments in India will be an important determinant of future market dynamics and prices for thermal coal a ...
Wednesday, 21 January 15
PORT OF NEWCASTLE COAL EXPORTS JUMP 16.19% ON MONTH TO 15.80 MIL MT IN DECEMBER' 14
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.136 billi ...
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- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Australian Coal Association
- MS Steel International - UAE
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
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