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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 $14 billion in potential investment in these projects have been delayed due to this problem,” he said.
Masnellyarti Hilman, a deputy minister for nature conservation enhancement and environmental degradation control at the Environment Ministry said that the conflict between mining activities and environmental issues have always been one sided.
“We always talk about the mining sector contribution to the state budget, but we never discuss on how much the government has to spend for disasters caused by environmental damage,” she said.
Source: The Jakarta Post
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Monday, 15 September 14
CFR SOUTH CHINA COAL SWAP GAINED DAY ON DAY AND WEEK ON WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 2.30 (-3.36%) month over month, but increased day on day a ...
Sunday, 14 September 14
FREIGHT RATES RALLY AS DEMAND INCREASED
COALspot.com: The Baltic Dry Index (BDI) is a number (in US$) issued daily by the London-based Baltic Exchange up 2.25 percent week on week. BDI cl ...
Friday, 12 September 14
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALED 673.3 MMST, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
Thursday, 11 September 14
THE PANAMAX MARKET IS TAKING A BREATHER - FEARNLEYS
Handy
We have experienced more activity in both hemispheres this week, said Fearnleys in this week's weekly report.
"We see rates c ...
Wednesday, 10 September 14
ARE GREEK BANKS ON THE VERGE TO START LENDING AGAIN? - JOHN N. COTZIAS
It is well known that Greek Banks had suffered severely after the economic crisis of 2008. From that period onwards, major changes have occur ...
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- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- The University of Queensland
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
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