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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, 12 July 12
SOUTHGOBI RESOURCES ANNOUNCES NOTICE OF INVESTMENT DISPUTE FILED AGAINST MONGOLIAN GOVERNMENT
Press Release - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi”) announced today that SGQ Coal Investment Pte. Ltd., a wholly ...
Wednesday, 11 July 12
HBA DROPPED SHARPLY IN JULY
COALspot.com - Indonesian HBA fell to lowest level since September 2010 in July 2012. The monthly coal reference price for coal sales this mon ...
Wednesday, 11 July 12
SUB-BIT FOB INDONESIA COAL SWAP LOST $ 1.26 PER TON
COALspot.com - Sub-Bit FOB Indonesia Coal decline for a second day yesterday, according to SGX AsiaClear OTC Coal Swaps. The prices for shipments to ...
Tuesday, 10 July 12
DRY BULK MARKET RECORDS MODEST GAINS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher on Monday, with the Baltic Dry Index (BDI) ending the session up by 5 points to 1,162. Most markets were hig ...
Saturday, 07 July 12
INDONESIA-JAPAN RELATIONS TURN SOUR - THE JAKARTA POST
The Jakarta Post, the one of the leading Indonesian English new papers reported that, Bilateral relations between Indonesia and Japan have recently ...
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- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Parliament of New Zealand
- Deloitte Consulting - India
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Planning Commission, India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- MS Steel International - UAE
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
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