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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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- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
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