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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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Friday, 06 April 12
DRY BULK MARKET SWIFT TO HALT FALL ON RENEWED DEMAND FOR CAPESIZES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk managed to put a stop to the recent falls, which came as a result of a lacklustre demand for smaller vessel sizes. Although this trend ...
Thursday, 05 April 12
COAL EXPORT TAX: MATTER OF CONCERN FOR INDIA - SUNIL K KUMBHAT
COALspot.com - Since the issuance of Indonesian Mining law in 2009, miners have increased their activities in exploring , ex ...
Thursday, 05 April 12
AKR COAL FIRST EXPORT SHIPMENT OF COAL SEABORNE
PT Anugrah Karya Raya (AKR Coal) subsidiary of PT AKR Corporindo Tbk., Indonesia’s leading integrated supply chain solutions provider and larg ...
Thursday, 05 April 12
DRY BULK MARKET STALLS AS TREND IS REVERSED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has halted its month-long rally, with the BDI (Baltic Dry Index) retreating yesterday for a second consecutive session. Industry ...
Wednesday, 04 April 12
OIL MAY JUMP TO $150PB IF IRAN ATTACKED: EXPERT - KUNA / HELLENIC SHIPPING
Prices of oil will not drop below level of $100 per barrel and may jump to $150 pb in the coming two months, according to the prominent Kuwaiti expe ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
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