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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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Wednesday, 28 September 11
ATLAS RESOURCES TO SELL 25% STAKE IN IPO - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, plans to sell 783.33 m ...
Tuesday, 27 September 11
A STRONG REBOUND FOR THE CAPE MARKET - BRS
A strong rebound for the Cape market, as cargoes continued to flow into the market and tonnage remained tight in the Atlantic, according to Barry Ro ...
Tuesday, 27 September 11
INTRACO SEALS US$25.3 MIO ORDER - INSIDER STORIES
Insider Stories reported that, Heavy equipment distributor PT Intraco Penta Tbk (INTA) obtained a US$25.3 million order on hand of heavy equipments ...
Sunday, 25 September 11
THE CHARTER RATES FOR INDONESIA TO INDIA WAS FIRM - VISTAAR
COALspot.com - The freight market moved up sharply with the cape Index up by 11 pct pushing the BDI by almost 6 pct and closing at 1,920 point ...
Saturday, 24 September 11
GOVT PLANS TO RENEGOTIATE ALL CONTRACTS INCLUDING FREEPORT - JP
The Jakarta Post reported that, the Energy and Mineral Resources Ministry has confirmed plans to renegotiate all mining contracts including those wi ...
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- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Australian Coal Association
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- VISA Power Limited - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
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