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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, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...
Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
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- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Australian Coal Association
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
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