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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 $14 billion in potential investment in these projects have been delayed due to this problem,” he said.
Masnellyarti Hilman, a deputy minister for nature conservation enhancement and environmental degradation control at the Environment Ministry said that the conflict between mining activities and environmental issues have always been one sided.
“We always talk about the mining sector contribution to the state budget, but we never discuss on how much the government has to spend for disasters caused by environmental damage,” she said.
Source: The Jakarta Post
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Thursday, 28 August 14
PANAMAX: OWNERS CAN GET AROUND USD 16000 FOR A FRONTHAUL; PERIOD MARKET - VERY QUIET - FEARNLEYS
Handy
The activity and sentiment is improving in the Atlantic with the general TA rate is up about US$ 800 w-o-w. We see more South American carg ...
Thursday, 28 August 14
BANPU REPORTS HIGHER FIRST-HALF YEAR RESULTS FOR 2014
COALspot.com: Banpu Public Company Limited (BANPU) reports higher first half-year financial results for 2014 having its gross profit increasing 3 p ...
Wednesday, 27 August 14
FREIGHT MARKET: IS THE MARKET IN A RECOVERY MOOD? - GEORGE ILIOPOULOS
Is the market in a recovery mood?
August is typically a time when the shipping industry takes it easy… charter-ers book their requireme ...
Tuesday, 26 August 14
4TH ANNUAL ASIA NICKEL
4th Annual Asia Nickel
19-20 Nov 2014
Grand Hyatt Jakarta, Indonesia
Web Site
Asia’s Premier Nickel Conference
Regulation in ...
Tuesday, 26 August 14
DESPITE LOW DRY BULK RATES, BULKER PRICES ARE STILL HIGH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Traditionally, August tends to be a month of slow activity in the sale and purchasing market and this year has been no exception. However, as shipb ...
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- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
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