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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, 10 October 14
INDONESIA TO DEVELOP DOWNSTREAM COAL INDUSTRY - JP
The government is planning to launch a program to develop the downstream coal industry to increase the commodity’s added value, an official h ...
Friday, 10 October 14
U.S. PRODUCED 83.2 MMST OF COAL IN SEPTEMBER, SAYS EIA
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.6 million short tons (mmst) of coal in ...
Thursday, 09 October 14
CAPESIZE MARKET HAS CONTINUED TO SHOW WEAKNESS - FEARNLEYS
Handy
We mentioned last week that after several weeks of rate increase for the Supras, the bigger Panamaxes started to snap up better paying Supr ...
Thursday, 09 October 14
SHIPPING REMAINS CHALLENGED AS GLOBAL GROWTH DISAPPOINTS - BIMCO
The global shipping industry finds no grace from much stronger economic activity going forward, as the global recovery remains fragile and uneven. ...
Wednesday, 08 October 14
CAPES RATE FOR THE W. AUSTRALIA TO CHINA VOYAGE MOVED TO BELOW $8/MT - INTERMODAL
The Dry Bulk market remained under pressure last week, with rates for Capes remaining on the red while those for Panamaxes managed to outperform th ...
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- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Petron Corporation, Philippines
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- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Sical Logistics Limited - India
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- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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- CIMB Investment Bank - Malaysia
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- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
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- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
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- OPG Power Generation Pvt Ltd - India
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- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
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- India Bulls Power Limited - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
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- The University of Queensland
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- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
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- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
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- Siam City Cement PLC, Thailand
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- Central Electricity Authority - India
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- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
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- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
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- Salva Resources Pvt Ltd - India
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- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
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- CNBM International Corporation - China
- ASAPP Information Group - India
- Parliament of New Zealand
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- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
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