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Monday, 10 January 11
MINING INVESTMENT TARGET TOO LOW - TEMPO INTERACTIVE
 TEMPO Interactive reported that, the Indonesian Mining Association’s executive director, Priyo Pribadi, believes the government’s investment target in the mineral and coal sector can be improved.
“The figure does not reflect the reality. Every year, there are thousands of new mines. There should be lots of new investment as well,” Priyo said last weekend.
The Energy Ministry has projected investments in the mineral and coal sector in 2011 will amount to US$3.2 billion. This is not too different from last year’s investment total of US$ 3.18 billion. Besides the investments, the government plans to increase mineral and coal production to meet international market demand.
According to Priyo, the investment value targeted by the government does not have a clear measurement. He even suggested there may be no new investments this year. “As no businessmen have submitted mining applications to the central government, investments this year remain unclear. Several mining companies have submitted applications to the provincial government, but this is not in line with the mineral and coal law,” he said.
The association calculated that this year’s investment could have been higher than the target. For instance, for the mining license arrangement (IUP) alone, the government could earn US$8 billion. “There are 8,000 IUPs currently. If one costs US$1 million, we could be earning US$8 billion,” Priyo said.
Mineral and Coal director general Bambang Setiawan admitted the investment target this year could be more than US$3.2 billion, as set by the government. “The target excludes the mining licenses in the provinces. If we include them, the value could reach US$5 billion,” he said.
In order to reach the target, Bambang plans to form an inventory team which will process and record the investment data in the provinces that have not been monitored properly. “We are not waiting for reports anymore. It is our turn to be proactive so that investment can be monitored and exceeded,” he said.
Source: Tempo Interactive
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Friday, 30 September 11
MINING BILL CLEARED, FIRMS TO SHARE 26% PROFITS WITH LOCALS - NDTV
NDTV reported that, The Union Cabinet cleared the draft mining bill aimed at regulating mining activities Friday. The bill proposes a profit-sharing ...
Friday, 30 September 11
INDIAN IRON ORE MARKET GETTING ACTIVE - FEARNLEYS AS
Handy
The Atlantic market continued its strong trend with fresh cargoes entering the market. Vessels open US Gulf fixed tick above US$ 27k back to t ...
Friday, 30 September 11
KRISHNAPATNAM PORT WINS GLOBAL PORT & COAL PORT OF THE YEAR AWARDS
COALspot.com - Krishnapatnam Port, a dynamic new generation world class port located in the East Coast of India has been adjudged the winner in the ...
Thursday, 29 September 11
INDONESIA'S MINERS FACE AN UNCERTAIN FUTURE - RUPERT WALKER
An evolving regulatory framework for the country's minerals industry could threaten its profitability and stifle investment.
The five-year surge ...
Thursday, 29 September 11
DRY BULK MARKET FALLS MID-WEEK, FURTHER DROP EXPECTED NEXT WEEK ON CHINA HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected by the Baltic Dry Index (BDI) retreated by 0.36% yesterday reaching 1,920 points, with the Capesize segment suffer ...
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- CNBM International Corporation - China
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- The University of Queensland
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Australian Coal Association
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Planning Commission, India
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
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