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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 February 12
DRY BULK MARKET FINALLY STOPS DECLINE, POSTS FIRST RISE IN MORE THAN A MONTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After falling to near record lows, not seen since the mid-80s the dry bulk market has finally stopped its path to "hell", with the industr ...
Saturday, 04 February 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 6,000 PER DAY - VISTAAR
COALspot.com - The markets continued to soften which dropped by almost 11 pct and BDI closing at 647 points.
The drop in BDI was mainly due to dr ...
Thursday, 02 February 12
NO RELIEF YET FOR DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although at the start of 2012 nobody can claim that the global seaborne trade has suddenly come to a halt, quite the contrary, it seems that the dry ...
Wednesday, 01 February 12
KRISHNAPATNAM PORT - GOING DEEP TO SOAR HIGH
COALspot.com - Krishnapatnam Port now rightfully claims as the deepest draft port in India, as it has started accepting vessels with maximum permiss ...
Wednesday, 01 February 12
IN JAMBI, MOST MINING COMPANIES LACK 'CLEAR-AND-CLEAN' PERMITS - JP
More than three-quarters of the 386 mining companies in Jambi lack “clear-and-clean” certifications from the government, according to an ...
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- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Planning Commission, India
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- London Commodity Brokers - England
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
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