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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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Monday, 31 December 12
"DISTRESSED", "ECO" AND "FINANCE" ARE THE THREE WORDS WHICH CHARACTERIZED 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2012 was yet another year of speculation, anticipation, pessimism and more speculation in the shipping markets. According to the latest weekly repor ...
Saturday, 29 December 12
SHIPBREAKING YARDS IN INDIA DEMOLISH A TOTAL OF 527 VESSELS IN 2012, BREAKING ALL PREVIOUS RECORDS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
India's ship demolition experts of Star Matrix contemplated this week on the issue of why ships in the range of 1,000 and up to 6,500 liquid tons ( ...
Thursday, 27 December 12
A LOOK AT WORLD TRADE PATTERNS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
While China's leaders are likely to stick with the 2012 economic growth rate of 7.5% when they chart a course for 2013 - its weakest pace since 199 ...
Thursday, 27 December 12
INDONESIA SHIPPED 33.578* MMT COAL IN NOVEMBER
COALspot.com: Indonesia, the world largest multi grade coal exporter has shipped 33.578* million tons of coal in November 2012. thi ...
Wednesday, 26 December 12
UPDATE ON EXPORT BAN ON RAW MINERALS AND ORE - RITA SUSANTO
COALspot.com - In May 2012, the Minister of Energy and Mineral Resources (“MoEMR”) in Regulation No.7 (“Reg-7”, amended by R ...
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- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
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