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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, 22 December 11
RI WILL NOT PLAY CATCH-UP WITH GLOBAL COAL DEMAND - THE JAKARTA POST
The Jakarta Post reported that, the International Energy Agency (IEA) has predicted in its Coal Market Report 2011 that over the next five years, gl ...
Thursday, 22 December 11
DRY BULK MARKET KEEPS LOSING TRACTION AHEAD OF HOLIDAY SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept retreating in the middle of the week, as charterers seem to be looking towards the holiday season and the start of the new ye ...
Tuesday, 20 December 11
THE COAL IMPORT INTO CHINA WAS QUIETER AS COAL STOCKS WERE AT HIGH LEVELS - BRS
The BDI ended the week at 1888 points (-1.8%), the BCI corrected to 3572 (-3.4%), the BPI was up at 1,775 (+3.6%), the BSI dropped to 1193 (-3.0%) a ...
Tuesday, 20 December 11
INDIA IMPORTS 66.41 PERCENT MORE COAL FROM INDONESIA LAST MONTH - SOURCES
COALspot.com: Indonesia, the world largest coal exporter, shipped 33.476* mln mt of coal in November, which is slightly higher than its Octobe ...
Monday, 19 December 11
KOPEX COMMITS ADDITIONAL ONE MILLION DOLLAR FOR PT TRANSCOAL MINERGY
COALspot.com - Mining contractor Kopex has agreed to extend a further US$1 million to finance the remainder of the expanded drill program at PT Tran ...
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- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Planning Commission, India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Minerals Council of Australia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Ministry of Transport, Egypt
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