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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$5 billion,” he said.
In order to reach the target, Bambang plans to form an inventory team which will process and record the investment data in the provinces that have not been monitored properly. “We are not waiting for reports anymore. It is our turn to be proactive so that investment can be monitored and exceeded,” he said.
Source: Tempo Interactive
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Monday, 07 February 11
RICHARDS BAY COAL TERMINAL EXPORTS SURGE, BUOYED BY ECONOMIC DEVELOPMENT IN CHINA AND INDIA
COALspot.com - Richards Bay Coal Terminal (RBCT) announced today that 2010 exports have exceeded the last two years’ performance, said in a re ...
Monday, 07 February 11
RBCT SHIPPED 28.67 PERCENT LESS COAL IN JANUARY
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest export coal terminal in the world, shipped 4,389,925 MT of coal in January 20 ...
Sunday, 06 February 11
THE PANAMAX & SUPRAMAX FUTURES FOR 2011-2013 WAS AT AROUND US$ 16,500 & US$ 15,000 PER DAY RESPECTIVELY
COALspot.com - With the Chinese new year holidays this week, the market has been fairly quite as expected.
The BDI saw a bigger drop compared to ...
Saturday, 05 February 11
INDONESIAN ENERGY MINISTER HAS SIGNED A DECREE FOR COAL TRANSPORTATION PERMITS ON FRIDAY
COALspot.com - Minister of Energy, Darwin Minister Saleh said, that, he had signed a decree for transportation and sale of coal, which was the ...
Saturday, 05 February 11
ANCHORAGE LOADING POINT MOVED TO MUARA JAWA
COALspot.com - The Ministry of Transportation Republic Indonesia has announced that, the loading point at Muara Berau, East kalimantan h ...
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- Vedanta Resources Plc - India
- PTC India Limited - India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- ASAPP Information Group - India
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
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