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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$5 billion,” he said.
In order to reach the target, Bambang plans to form an inventory team which will process and record the investment data in the provinces that have not been monitored properly. “We are not waiting for reports anymore. It is our turn to be proactive so that investment can be monitored and exceeded,” he said.
Source: Tempo Interactive
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Wednesday, 27 July 11
BLACKSTONE TO INVEST INR 5,000 MILLION (APPRX. US$ 111 MILLION) IN VISA POWER
Press Release - The Blackstone Group (NYSE: BX) today announced that it will be investing INR 5,000 million (c. USD 111 million) in VISA Power ...
Tuesday, 26 July 11
UT'S SALES COULD REACH TO 8000 UNITS BY THE END OF 2011
COALspot.com - Sales of Komatsu heavy equipment in the domestic market in the first half of 2011 rose 59 percent to 4333 units compared to the same ...
Monday, 25 July 11
INDONESIA STATE ELECTRICITY COMPANY HAS BURNED 19 MMT OF COAL FOR FIRST HALF OF 2011
COALspot.com - Indonesia's State Electricity Company and other IPPs have burned 19 million tons of coal for first half of this year said,Pamudji Nu ...
Monday, 25 July 11
AKR CORPORINDO TO PRODUCE 0.3 MMT OF COAL BY DECEMBER
COALspot.com - PT AKR Corporindo (AKRA) began producing coal from its mine in Muara Teweh, Central Kalimantan. The company is targeting to pro ...
Sunday, 24 July 11
AN INDIAN PORT SETS A WORLD RECORD FOR CONVENTIONAL COAL DISCHARGE
COALspot.com - Krishnapatnam Port has set a World record for discharging 106,171 tons of steam coal in just 24 hrs using the conventional unloading sy ...
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- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- PTC India Limited - India
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
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