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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, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless  ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
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- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
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