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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, 23 September 11
ICMA TO BUILD UPGRADE FACILITIES TO ANTICIPATE BAN ON LOW-GRADE COAL EXPORT BY 2014
COALspot.com - January to August of this year, Indonesia’s coal production had already reached 235 million tons. Earlier estimates had targete ...
Friday, 23 September 11
UT TO PRODUCE 7 MMT OF COAL BY 2012
PT United Tractors Tbk is targeting a 7 million tons of coal production next year, a 55.55% increase from 4.5 millions targeted this year, said Pres ...
Friday, 23 September 11
RECORD RECYCLING ACTIVITY STIRS OPTIMISM IN DRY BULK SAYS BIMCOS ANALYSIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected at the start of the year, dry bulk ship owners were expected to flock scrapyards around the world, in order to take advantage of attract ...
Friday, 23 September 11
PANAMAX EXPERIENCED A SOFTENING IN RATES - FEARNLEYS AS
Handy
Still a good boost of fresh cargoes entering the market. Vessels in Black Sea with GOA clearance and Baltic positions are fetching tick abov ...
Wednesday, 21 September 11
INDIA'S COAL IMPORTS FROM INDONESIA FALL, CHINA BUYS MORE
COALspot.com - Indian coal imports from Indonesia fall to below 6 million tons in August, and this fall was continuing last few months. Ho ...
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- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
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