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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, 21 October 10
WORLDS FIRST, SINGAPORE EXCHANGE TO CLEAR OTC INDONESIAN COAL SWAP - MONDOVISIONE
Mondovisione reported that, Singapore Exchange (SGX) will be the first exchange in the world to clear over-the-counter (OTC) Indonesian Sub-Bitumino ...
Thursday, 21 October 10
MEC WOOS INDIAN POWER FIRMS FOR 50% STAKE SALE - BUSINESS STANDARD
Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed t ...
Thursday, 21 October 10
CAPESIZE, A FANTASTIC WEEK WITH IMPROVED RATES IN BOTH BASINS - FEARNBULK
Handy Activity remains slow this week combined with a lack of fresh enquiry in the Atlantic. Indexes are all negative except Cape but it is worth no ...
Wednesday, 20 October 10
BLENDING OF IMPORTED COAL AT THERMAL PLANT UP TO 30 % MAY BE ALLOWED - PUNJAB NEWS LINE
Punjab News Line reported that, Indian government is considering allowing increase in the blending ratio of imported coal from 10 to 30 percent at t ...
Wednesday, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
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- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- White Energy Company Limited
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
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