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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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Saturday, 08 January 11
AUSTRALIAN FLOODS MAY BOOST RIS COAL SALES - THE JAKARTA POST
The Jakarta Post reported that, Floods inundating Queensland have disrupted Australian coal production, and in turn may offer opportunities for Indo ...
Saturday, 08 January 11
GOVERNMENT REMAINS CAUTIOUS OVER FOREIGN INVESTMENT IN MINING SECTOR - THE JAKARTA GLOBE
The Jakarta Globe reported that, The government expects $3.2 billion of investment to flow into the mining sector this year as foreign investors tur ...
Friday, 07 January 11
14 LARGE-SCALE COAL BASES TO BE BUILT DURING 12TH FIVE-YEAR PLAN - GLOBAL TIMES
During the Twelfth Five-Year Plan period (2011-2015), China aims to build 14 large-scale coal bases, and annex and restructure 20 coal bases in orde ...
Friday, 07 January 11
JSW ENERGY LTD OF INDIA IS LOOKING FOR 45 MILLION TONS OF STEAM COAL FOR 25 YEARS
COALspot.com - Supply of 1.80 mmt (+/- 10%) of steam coal per annum for power plants at Toranagallu and Jaigad.
Accordign to JSWE's websit ...
Friday, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
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- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- The University of Queensland
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
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