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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$5 billion,” he said.
In order to reach the target, Bambang plans to form an inventory team which will process and record the investment data in the provinces that have not been monitored properly. “We are not waiting for reports anymore. It is our turn to be proactive so that investment can be monitored and exceeded,” he said.
Source: Tempo Interactive
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Friday, 04 February 11
PERTAMINA DENIES KAREN AGUSTIAWAN RESIGNS FROM PERTAMINA
COALspot.com - The President Director of PT Pertamina, Karen Agustiawan reportedly will replace Darwin Saleh as Minister of Energy and Mineral Resou ...
Friday, 04 February 11
ADARO ENERGY FY10 COAL SALES UP 6 PERCENT TO 43.84 MILLION
As reported by insider stories, Indonesian coal miners PT Adaro Energy Tbk has produced 42.20 million tons of coal in 2010, a 4 percent increase com ...
Thursday, 03 February 11
MERCATOR LINES TO INVEST RS 200-250 CRORE ON COAL MINE IN INDONESIA - ECONOMIC TIMES
Economic Times reported that, Mercator Lines, the HK Mittal-controlled shipping-to-mines major, will invest about 200-250 crore (US$ 43.825 - 54.781 ...
Thursday, 03 February 11
DRY BULK MARKET LOOKS SET TO BOTTOM OUT NIKOS - ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market having lost more than 72% of its value in the last month or so and having retreated to a 2-year low, it seems that the bott ...
Wednesday, 02 February 11
INDONESIA MAY MISS COAL EXPORT TARGET IN 2011
COALspot.com - Indonesian Trade ministry has instructed independent surveyors temporarily not to issue pre-shipment survey report (LS) to the compan ...
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- Central Electricity Authority - India
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Planning Commission, India
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
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