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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, 30 May 14
US COAL PRODUCTION RELATIVELY FLAT WEEK ON WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 18.6 million short tons (mmst) of coal in a ...
Thursday, 29 May 14
PEABODY ENERGY CHAIRMAN RECEIVES WCA AWARD
The World Coal Association has presented Gregory H. Boyce, Chairman and Chief Executive Officer of Peabody Energy (NYSE: BTU), with the 2014 Chairm ...
Thursday, 29 May 14
HANDY : THE SUPRAS ARE BEING TRADED AROUND 13K FOR SHORTER UPTO 1 YEAR PERIOD
Handy
The week started off with bank holidays in London and very little happening. This trend has continued and we believe it will continue into ...
Wednesday, 28 May 14
THE DRY BULK MARKET REMAINED UNDER PRESSURE - INTERMODAL
COALspot.com: The Dry Bulk market remained under pressure during this past week, with all indices pointing down compared to the previous Friday. Th ...
Tuesday, 27 May 14
PORT OF NEWCASTLE SHIPPED 19.13% LESS COAL THIS PAST WEEK
COALspot.com: In the week ended 07:00 hours 26 May 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, ...
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- VISA Power Limited - India
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Sical Logistics Limited - India
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- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
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- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
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- Price Waterhouse Coopers - Russia
- White Energy Company Limited
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- ICICI Bank Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
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- Coal and Oil Company - UAE
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- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
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- Ceylon Electricity Board - Sri Lanka
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- Electricity Authority, New Zealand
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- Indika Energy - Indonesia
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- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
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- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
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- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
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- SMC Global Power, Philippines
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- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
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- Economic Council, Georgia
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- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
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- Independent Power Producers Association of India
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- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
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- Trasteel International SA, Italy
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- Mintek Dendrill Indonesia
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- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
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- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
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- Attock Cement Pakistan Limited
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- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
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- Georgia Ports Authority, United States
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- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
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- New Zealand Coal & Carbon
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