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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, 08 February 11
PUSTAKA JAYA PALU POWER LOOKING FOR 5800 GAD COAL
COALspot.com - According to market information, PT Pustaka Jaya Palu Power, a power plant operator of the Mpanau plant, Palu, Sulawesi has invited c ...
Tuesday, 08 February 11
BAYAN, KANGAROO EXTEND DUE DILIGENCE
Coal miner controlled by businessman Dato' Low Tuck Kwong PT Bayan Resources Tbk (BYAN) and Australia-listed coal company Kangaroo Resources Limite ...
Tuesday, 08 February 11
DRY BULK: IS THE TIDE TURNING? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what could be perceived as a change of market sentiment for the better, the dry bulk industry’s benchmark, the Baltic Dry Index (BDI) poste ...
Monday, 07 February 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 13.03 PERCENT IN FEBRUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the February 2011 Indonesian Coal Reference Price for therma ...
Monday, 07 February 11
COAL PRICES ON RISE: DEMAND FROM INDIA AND CHINA - ANALYZED SUNIL K KUMBHAT
INDONESIA IS HEART OF ASIAN COAL BOOM
COALspot.com - Rising demand of Coal from India and China, coupled with global financial recovery, is driv ...
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- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
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