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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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Sunday, 17 April 11
THE FREIGHT MARKET APPEARS WILL CONTINUE TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - "The freight market continued to soften further with all segments down except for the handy size which was marginally up by 10 p ...
Sunday, 17 April 11
ADARO TO PROPOSE US$75 MILLION DIVIDEND
COALspot.com - One of Indonesia's largest coal miner PT Adaro Energy Tbk (ADRO) is keen to propose a final dividend of US$75 million or Rp 20.17 (U ...
Saturday, 16 April 11
TNPL RECEIVES 1.6MT OF COAL OFFERS - SOURCES
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its 160,000 MT coal inquiry today.
More than a half a dozen of Indian coal t ...
Friday, 15 April 11
DRY BULK MARKET KEEPS ON FALLING, ON LOW DEMAND AND HIGH SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its falling patern this week, with the industry’s benchmark, the Baltic Dry Index (BDI) retreating again yesterda ...
Thursday, 14 April 11
SUPRAS IN N.CHINA GET CLOSE TO $12000 FOR TRIPS VIA INDONESIA TO INDIA - FEARNBULK
Handy
The Atlantic market remains flat - very little new/fresh business and slow activity. Considerable prompt tonnage remains unfixed. The USG pa ...
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- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Planning Commission, India
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- The University of Queensland
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
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