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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, 26 September 13
INTERCARGO PUBLISHES BENCHMARKING BULK CARRIERS 2012-13 REPORT
The International Association of Dry Cargo Shipowners (Intercargo) has today launched Benchmarking Bulk Carriers 2012-13, the latest edition of our ...
Thursday, 26 September 13
DRY BULK MARKET KEEPS ON RALLYING ON THE BACK OF HIGH CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept its momentum over the course of the past week, on the back of increased demand for Capesizes and an improvement of mark ...
Wednesday, 25 September 13
RBCT'S COAL EXPORT DECLINES IN AUGUST
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest coal export terminal in South African as well as in the world has shipped 16. ...
Wednesday, 25 September 13
CAPES TOUCHING RATES NO ONE BELIEVED COULD BE ACHIEVED IN 2013 - INTERMODAL
Chartering (Wet: Stable- / Dry: Firm+ )
The Dry Bulk market is the gift that keeps on giving these days. With rates for Capes touching numbers ...
Wednesday, 25 September 13
IS IT TIME AGAIN TO SUPERSIZE AGAIN? - GEORGE LAZARIDIS
After an early arrival of the seasonal rally in the Capesize market, things look to be on the upbeat for these dry bulk giants. With the Index reach ...
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- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- The University of Queensland
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
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