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Friday, 08 October 10
INVESTORS STILL RELUCTANT TO ENTER DOWNSTREAM INDUSTRIES - THE JAKARTA POST
The Jakarta Post reported that, mining companies are showing a low level of enthusiasm to enter the downstream industries, as required by the 2009 Minerals and Coal Law, due to lack of incentive and unclear government policies, the Association of Indonesian Mining Professionals says.
The law stipulates that all mining companies are obliged to process their mining products in the country by no later than 2014. The law aims to promote the added value of the mining operations to the country’s economy.
Mining association chairman Irwandy Arif told The Jakarta Post that without attractive incentives, he was pessimistic that the companies would seriously comply with the law, moreover, the punishment for infringement was only administrative.
“Currently, only a company or two have seriously prepared to enter the downstream industries,” he said on the sidelines of the 4th Added Value Mining Indonesia Conference, Workshop and Exhibition at Ritz-Carlton Hotel in Jakarta on Thursday. He added that several companies had developed research or pilot projects to produce derivative products of their commodities, but claimed that none were ready to develop the products on an industrial scale.
Irwandy urged the government to create clearer guidelines and policies for companies to develop the downstream industries.
He said that a working group from his association was currently assisting the Energy and Mineral Resources Ministry in deliberating a new ministerial decree on detail rules and strategies to develop mining downstream industries.
“The draft will contain explanations on mechanisms on how mining companies should process their products,” he said. He took the example of the nickel commodity that he proposed had to be processed minimally into ferro or matte nickel.
Director General of Manufacturing Industry Base (BIM) for the Industry Ministry Panggah Susanto said that another factor hindering the development of the mining downstream industries was the uncertain supply of raw materials due to the country’s upstream industries low capacity as many mining companies exported their mineral production.
“Our industries [including mining] depend heavily on imported raw materials,” he said. He added that the government was seeking the best way to develop the capacity of upstream industries in supplying raw materials for downstream ones.
Beside the raw materials, energy supply, particularly electricity and gas, also became one decisive factor as to why investors and companies were reluctant to engage in mining downstream industries.
To tackle this problem, the government is now promoting the public-private partnership scheme to accelerate the development of infrastructure by focusing on energy and transportation sectors.
Panggah said the development of the mining downstream industries was vital to increase the country’s product competitiveness. He emphasized that in the current free-trade era, the country had to consistently improve the value and quality of its products to compete with more advance industrialized countries.
“We’re committed to supporting the development of the downstream industries by facilitating all proposal of incentives, developing human resource quality and promoting investments,” he emphasized. (rdf)
Source : The Jakarta Post
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Friday, 01 October 10
COAL TRADERS POWER FOREIGN ASSET BUYS - ECONOMIC TIMES
Economic Times reported that, the rush to own coal assets is leading to innovative alliances. are teaming up with utilities like , Reliance Power an ...
Thursday, 30 September 10
LOW CALORIFIC VALUE COAL MAY BE SOLD BELOW COAL REFERENCE PRICE IN INDONESIA
COALspot.com: Indonesia, the world’s largest coal exporter has issued another ministerial decree to regulate the selling price of coal of Indo ...
Thursday, 30 September 10
INITIAL PHASE OF MOATIZE MINING BY EARLY NOVEMBER - ALL AFRICA
All Africa report that, the initial phase of mining coal at Moatize, in the western Mozambican province of Tete, will begin by early November, and t ...
Thursday, 30 September 10
THE PANAMAX CONTINUED ITS DOWNWARD TREND FROM LAST WEEK - FEARNBULK
HANDY
Activity remains slow this week combined with a lack of fresh enquiry and tonnage over-supply in the Atlantic. Indexes are all negative exce ...
Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
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- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
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- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Planning Commission, India
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
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- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
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- Meralco Power Generation, Philippines
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- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
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- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
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- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
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