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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, 23 January 14
30 DAYS LEFT TO REGISTER FOR PACIFIC BASIN COAL CONFERENCE
COALspot.com: (Press Release) : IHS Inc. (NYSE: IHS), the leading global source of information and analysis, will host the Pacific Basin Coal Confer ...
Wednesday, 22 January 14
HANDY/SMAX: TALK OF RATES INDICATES A STEADY TO FIRMING TREND - INTERMODAL
Last week closed off on the red once more for the Dry Bulk market, which continues to see freight rates trying to get steady feet. Nonetheless, with ...
Wednesday, 22 January 14
EXPORT BAN ON UNPROCESSED MINERALS EFFECTIVE 12 JANUARY 2014 - THREE - YEAR REPRIEVE FOR SOME, BUT UNCERTAINTY REMAINS: PWC
COALspot.com: On 11 January 2014, only hours before a long-debated ban on the export of unprocessed minerals was to come into effect, the Government ...
Wednesday, 22 January 14
DRY SECTOR: SENTIMENT REMAINS STRONG - INTERMODAL
As we have now entered 2014 and the Chinese are soon entering their Year of the Horse (sit tight for the ride!), it is a great opportunity to see ho ...
Wednesday, 22 January 14
SGX SUCCESSFULLY LAUNCHED FREIGHT FUTURES
COALspot.com: Singapore exchanged announced that, SGX Freight Futures were successfully launched on 20 January 2014, and the first trade ...
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- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
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- Standard Chartered Bank - UAE
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- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
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- SMC Global Power, Philippines
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- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- The Treasury - Australian Government
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- Alfred C Toepfer International GmbH - Germany
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- VISA Power Limited - India
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- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
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- Agrawal Coal Company - India
- Electricity Authority, New Zealand
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- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
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- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
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- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
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- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Minerals Council of Australia
- White Energy Company Limited
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Planning Commission, India
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
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