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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, 16 June 11
BOOSTING THE USE OF LOW CARBON ENERGY FOR A BETTER WORLD
Bali, Indonesia host of world renewable energy congress – Indonesia, international conference & exhibition on renewable energy and energy ...
Thursday, 16 June 11
FREIGHT MARKET FAILS TO RECOVER - DREWRY / HELLENIC SHIPPING
With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels ...
Thursday, 16 June 11
VALLAR CONTROLS 84.7 PERCENT STAKE IN BERAU COAL - INSIDER STORIES
Insider Stories reported that, London-based investment company Vallar Plc, via its subsidiary dubbed Vallar Investments UK Limited, today announced ...
Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian g ...
Wednesday, 15 June 11
BAYAN RESOURCES OWNS 56 PERCENT KANGAROO - INSIDER STORIES
Australia-listed coal miner Kangaroo Resources Limited (KRL) has obtained final approval from its shareholders to complete its US$277 million acquis ...
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- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- PTC India Limited - India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- VISA Power Limited - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- The University of Queensland
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
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