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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, 06 April 11
FORBES & MANHATTAN COAL ANNOUNCES SIGNIFICANT OFF TAKE AGREEMENT
Steady Cash Flow Will Fund Production Ramp Up
Forbes & Manhattan Coal Corp., ("Forbes Coal" or the "Company") is a produc ...
Tuesday, 05 April 11
DRY BULK MARKET DOWN ON FIRST DAY OF SECOND QUARTER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market began the second quarter on a downward pattern, with the industry’s benchmark, the Baltic Dry Index (BDI) shedding 1.45 pe ...
Monday, 04 April 11
INDONESIA INTERNATIONAL CONFERENCE FOCUS ON INDONESIA'S ECONOMY (IICFIE) 2011 MASTER PLAN TO ACCELERATE THE ECONOMIC DEVELOPMENT
Press Release - Since couple of years, Indonesia's economy show impressive growth. What is the Indonesia's Economic Corridor and the Master plan t ...
Saturday, 02 April 11
TNPL CALLS FOR 160KT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure another 160,000 MT +/- 5 percent of Non-Coking imported C ...
Saturday, 02 April 11
THE FREIGHT MARKETS LIKELY TO BE SOFT NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week affecting all sectors with BDI down by 65 points (down by 4.10 pct) and closed at 1,520 points. ...
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- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
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