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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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Tuesday, 07 August 12
2ND ANNUAL FLOATING TERMINALS
Press Release - After a ground breaking and successful launch in 2011, the 2nd Annual Floating Terminals conferenceis back to address innovation, co ...
Tuesday, 07 August 12
KRISHNAPATNAM PORT HAS DISCHARGED 122,247 MTS OF COAL IN JUST 24 HRS
COALspot.com - Keeping with the tradition of the new records that are set at the Olympic Games 2012, Krishnapatnam Port has also achieved in setting ...
Tuesday, 07 August 12
THE JAKARTA POST EDITORIAL: REVISITING THE MINING LAW
The Jakarta post, one of the leading English news paper in Indonesia writes in its editorial today, what the domestic and foreign investors had drea ...
Tuesday, 07 August 12
BARAMULTI SET TO LIST ON BOURSE IN Q4 - JP
The Jakarta Post reported that, coal miner PT Baramulti Sukses Sarana is preparing to make its shares available to the public in the fourth quarter ...
Tuesday, 07 August 12
REALM RESOURCES COMPLETES STUDY ON ITS KATINGAN RIA COAL PROJECT
COALspot.com - Realm Resources Ltd. has announced that it has completed the Project Study for the Katingan Ria Project in Central Kalimantan, Indone ...
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- IEA Clean Coal Centre - UK
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- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
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- Baramulti Group, Indonesia
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- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
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- Parliament of New Zealand
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- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
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- Gujarat Mineral Development Corp Ltd - India
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- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
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- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
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- Electricity Generating Authority of Thailand
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- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Minerals Council of Australia
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- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
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- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Central Electricity Authority - India
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- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
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- Economic Council, Georgia
- CNBM International Corporation - China
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- New Zealand Coal & Carbon
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- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
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- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
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- Toyota Tsusho Corporation, Japan
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- Sical Logistics Limited - India
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- Krishnapatnam Port Company Ltd. - India
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- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
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- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
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- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
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- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
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