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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 $14 billion in potential investment in these projects have been delayed due to this problem,” he said.
Masnellyarti Hilman, a deputy minister for nature conservation enhancement and environmental degradation control at the Environment Ministry said that the conflict between mining activities and environmental issues have always been one sided.
“We always talk about the mining sector contribution to the state budget, but we never discuss on how much the government has to spend for disasters caused by environmental damage,” she said.
Source: The Jakarta Post
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Friday, 13 September 13
DIRECTOR GENERAL OF MINERAL AND COAL OF INDONESIA REVISED UP COAL PRICE REFERENCE TO US$ 76.89
COALspot. com - The Indonesian government has revised up its owned coal bench mark price by US$ 0.19/ MT to US$ 76.89 for September 2013 deliveries ...
Thursday, 12 September 13
PANAMAX : PACIFIC ROUNDS ARE NOW REPORTED BETWEEN USD 13K AND 15K PER DAY - FEARNRESEARCH
Handy
Nickel ore is a key support SE Asia/Feast rate at the moment; vessel in N.China were fixed around USD 11-12k, ships in mid China can expect a ...
Thursday, 12 September 13
CAPESIZE MARKET WILL BECOME EVEN TIGHTER - JEFFREY LANDSBERG
COALspot.com : While it is no secret that current capesize availability has become tight and has caused capesize rates to surge, availability is set ...
Thursday, 12 September 13
OVER THE WORST? WE MIGHT FIND OUT THIS WEEK - BIMCO
The shipping market has a spring in its step, even as summer draws to a close. There is it seems, confidence that finally, we are emerging into the ...
Thursday, 12 September 13
DRY BULK MARKET RALLY COMES AT A GOOD TIME FOR MOST SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest surge of the dry bulk market has helped offset other lingering factors, which otherwise, could have plunged freight rates to new lows. Fo ...
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- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- ASAPP Information Group - India
- GMR Energy Limited - India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
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