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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, 20 January 11
DRY BULK MARKETS FALL SEES NO END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index ( ...
Wednesday, 19 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Tuesday, 18 January 11
MINISTRY SEEKS COAL FROM INDONESIA - SUNDAY OBSERVER
Sunday Observer reported that, Ministry of Power and Energy is to explore the possibilities of importing quality coal from Indonesia.
Minister Pa ...
Tuesday, 18 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Sunday, 16 January 11
STANCHART GLOBAL RESEARCH SEES COAL PRICE RISING ON SUPPLY DISRUPTION - BURSA MALAYSIA MARKET NEWS
Bursa Malaysia Market News reported that, Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on ...
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- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- PTC India Limited - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Parliament of New Zealand
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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