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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, 28 May 12
COAL EXPORTS ARE JUMPING HIGHER, BUT PRICES ARE FALLING LOWER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31.86* million tons of coal in April 2012, compared to 30.64* million tons i ...
Sunday, 27 May 12
THE FREIGHT MARKET FROM INDONESIA TO INDIA WAS WEAK - VISTAAR
COALspot.com - The BDI continued to fall for the fourth straight week and the BDI fell by 9.38 pct this week closing at 1,034 points.
The Cape Si ...
Sunday, 27 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS HEADING TO SOUTH DIRECTION
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries have dropped this week by 5.43 percent an ...
Saturday, 26 May 12
DRY BULK SHIP OWNERS LOOKING TO CUT BACK ON TONNAGE SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of dry bulk carriers has been the most prominent problem in the market today, pushing down rates and ‘strangling’ profita ...
Thursday, 24 May 12
DRY BULK MARKET RETREATS ON LACK OF CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated yesterday on the back of lower Chinese demand for commodities such as coal and iron ore, typically hauled by dry bulk ...
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- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
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