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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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Thursday, 21 July 11
DRY BULK RATES EDGE FURTHER DOWN ON WEAK MARKET SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell once again on Wednesday marking the ninth straight day of losses. The industry’s benchmark, the Baltic Dry Index (BDI ...
Wednesday, 20 July 11
ANTWERP RECEIVES THE CAPESIZE MG COURAGE
The deepening of the Western Scheldt has made the port of Antwerp easily accessible not only to Ultra Large Container Ships of over 10,000 TEU but a ...
Wednesday, 20 July 11
KALIMANTAN GOLD APPOINTS COMMISSIONER TO SUBSIDIARY
Kalimantan Gold Corporation Limited has announced the appointment of Dr. Bambang Setiawan as Commissioner (a senior advisor) to the Board of PT Kali ...
Wednesday, 20 July 11
CHALLENGER GETS TABANG PROJECT IUP PERMIT
COALspot.com - Challenger Deep Resources Corporation has been getting exploration permit or Izin Usaha Pertambangan (IUP) for its Tabang coal in Eas ...
Wednesday, 20 July 11
TCM COAL PROJECT IN SOUTH KALIMANTAN MOVES TO FINAL FEASIBILITY STUDY
COALspot.com - Pan Asia Corporation Ltd has executed a formal agreement with an underground mining group KOPEX to undertake a final feasibilit ...
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- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Australian Coal Association
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Minerals Council of Australia
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- The Treasury - Australian Government
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
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