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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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Thursday, 02 October 14
CAPESIZE - DULL AND WITHOUT MUCH DIRECTION AS IRON ORE AND COAL VOLUMES FAIL TO LIVE UP EXPECTATIONS
Handy
After the recent weeks´ rate increase in the Atlantic we see Panamaxes snapping up handymax and Supra cargoes at much lower levels, p ...
Wednesday, 01 October 14
ASIAN THERMAL COAL PRICES TO REMAIN WEAK ON OVERSUPPLY - FITCH
COALspot.com: The thermal coal market in Asia will remain oversupplied in the next 12 months, in spite of on-going rationalisation of production, a ...
Wednesday, 01 October 14
PANAMAXES: DEFENSIVE, STRUGGLING TO KEEP ANY FURTHER DECREASES - INTERMODAL
COALspot.com: The Dry Bulk market seemed unable to shake off the trend of the week prior and the BDI remained on a downward slope for the bigger pa ...
Wednesday, 01 October 14
FITCH: GLOBAL ECONOMY FACES MULTI-SPEED RECOVERY, MULTIPLE RISKS
Fitch Ratings says in its latest Global Economic Outlook (GEO) that global growth will pick up in 2015 and 2016, but risks are weighted to the down ...
Tuesday, 30 September 14
COALVIEW TO PARTICIPATE AT MET COKE WORLD SUMMIT 2014 IN CHICAGO
COALspot.com: Coalview Ltd., LLC(“Coalview”) America's leading fully integrated coal technology and fine coal recovery company prov ...
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- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- The University of Queensland
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Indian Oil Corporation Limited
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