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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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Tuesday, 22 March 11
KRISHNAPATNAM PORT SETS ALL INDIA RECORD FOR COAL DISCHARGING
COALspot.com - "Krishnapatnam Port has set an all India record for discharging 71,587 tons of steam coal in just 24 hrs using the conventional ...
Sunday, 20 March 11
FREIGHT MARKETS COULD SOFTEN NEXT WEEK DUE TO JAPANESE PORTS CLOSURE AND LIBYAN CRISIS - VISTAAR
COALspot.com - The BDI was down by 1.98 pct (closing at 1531 points) mainly due to Cape index which was down by almost 11 pct and closed 1687 points ...
Friday, 18 March 11
FALL IN INDONESIAN COAL EXPORTS IN FEBRUARY 11
COALspot.com - Indonesian coal exports seen a fall of 10.76% during Feb 2011. The world’s largest coal exporter shipped 22.029 MMts of c ...
Thursday, 17 March 11
THE PACIFIC HANDY MARKET IS CURRENTLY STEADY - FEARNBULK
Handy
The Atlantic market is showing signs of recovery and does not seem to be affected by the Japan disaster. The market is very positional and i ...
Tuesday, 15 March 11
COAL PRODUCTION FORECAST TO SURGE ON RISING PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to ...
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- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Australian Coal Association
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
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