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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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Sunday, 16 September 12
GLOBAL LOW DEMAND ; INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS DIP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.345 percent W-O-W on Friday, 14 September 2012, closing but gai ...
Sunday, 16 September 12
THE FREIGHT RATES FROM INDONESIA TO INDIA EXPECTED TO BE STEADY - VISTAAR
COALspot.com - The freight market was mixed with most indices closing positive except for the Panamax index.
The main sentiment seems to be ...
Saturday, 15 September 12
FINANCE MINISTRY OPPOSES TAX INCENTIVE PLAN FOR COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry has turned down the idea of providing a fiscal incentive to the country’s coal mining ind ...
Friday, 14 September 12
DRY BULK MARKET LOOKS TOWARDS CHINA FOR SOME POSITIVE NEWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market freight rates submerged underwater for a large part of the year, dry bulk owners are looking for some positive enhancement ...
Friday, 14 September 12
GOVT OFFERS CONDITIONAL TAX HOLIDAY TO AILING COAL MINERS - JP
The Jakarta Post, one of the leading English news paper in Indonesia reported that, acknowledging difficulties encountered by coal miners due to a p ...
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- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Planning Commission, India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Central Electricity Authority - India
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
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