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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 $14 billion in potential investment in these projects have been delayed due to this problem,” he said.
Masnellyarti Hilman, a deputy minister for nature conservation enhancement and environmental degradation control at the Environment Ministry said that the conflict between mining activities and environmental issues have always been one sided.
“We always talk about the mining sector contribution to the state budget, but we never discuss on how much the government has to spend for disasters caused by environmental damage,” she said.
Source: The Jakarta Post
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Thursday, 05 January 12
DRY BULK MARKET TAKES A PLUNGE OF LOW ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was widely expected the first days of the new year are characterized by significantly low chartering across the board of the dry bulk market, pus ...
Wednesday, 04 January 12
NEWBUILDING ORDERS PICKED UP IN 2011, BUT 2012 EXPECTED TO BE A DIFFERENT STORY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the BDI (Baltic Dry Index) starting the year on a sour note, losing 114 points and ending yesterday’s session, the first of the new year, ...
Wednesday, 04 January 12
MAHAGENCO TO IMPORT LOW MOISTURE COAL
COALspot.com - Maharashtra State Power Generation Co. Ltd. is the state power generation utility owned by Government of Maharashtra, intends to proc ...
Tuesday, 03 January 12
INDONESIA COAL REFERENCE PRICE FELL AGAIN
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the January 2012 coal reference price at US$ 109.29 per ton or US$ 3.3 ...
Tuesday, 03 January 12
WHICH WAY WILL THE DRY BULK MARKET HEAD ON FIRST WEEK OF THE YEAR? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Dry bulk ship owners will be wondering which way will the BDI (Baltic Dry Index), the industry’s benchmark, will head during the first days of ...
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- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Australian Coal Association
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Parliament of New Zealand
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- VISA Power Limited - India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
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