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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, 24 March 11
INDIA'S CHETTINAD INTERNATIONAL COAL TERMINAL'S PERMISSIBLE DRAFT HAS INCREASED TO 13.5 M
COALspot.com - Chettinad International Coal Terminal in Ennore port has the berth with draft 13.5 Meters now, according to E-Mail statement received ...
Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...
Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.
Seven Indian coal traders have submitted price bid to sup ...
Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...
Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...
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- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Planning Commission, India
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
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