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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, 13 September 12
PANAMAX: THE NEGATIVE TREND, POOR SENTIMENT CONTINUES - FEARNLEYS AS
Handy
Lack of cargoes and a growing list of available ships is causing rates to slip for all Atlantic trades.
The only trade keeping somewhat s ...
Thursday, 13 September 12
FUEL EFFICIENT SHIPS MAY BE MORE EXPENSIVE, BUT THEY MAKE FINANCIAL SENSE SAYS ANALYSIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest trend in shipbuilding is the so called "Eco" ship, i.e. ships which offer much better fuel consumption and are more cost-effect ...
Wednesday, 12 September 12
INDIAS COALGATE: TIME FOR A ROOT CANAL
A recent report from India’s Comptroller and Auditor General (CAG) pertaining to the allocation of coal blocks has created a political storm i ...
Tuesday, 11 September 12
CLOUDY AND POLICY RISK INDONESIAN COAL INDUSTRY
COALspot.com - Bahana Securities in its latest coal outlook, commented on the Indonesian coal market, with economic slowdown in the four largest coa ...
Tuesday, 11 September 12
SHIP OWNERS KEEN ON SECOND HAND VESSEL PURCHASES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With most ship owners back from their summer rest, things are starting to pick up again in the second hand vessel market, with more and more deals b ...
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- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
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