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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, 09 October 10
SAIL SEEKS LONG-TERM COKING COAL SUPPLY FROM GLOBAL COMPANIES - BUSINESS STANDARD
State-owned Steel Authority of India (SAIL) Friday invited bids from global companies for long-term supply of coking coal to feed its expanding stee ...
Friday, 08 October 10
INVESTORS STILL RELUCTANT TO ENTER DOWNSTREAM INDUSTRIES - THE JAKARTA POST
The Jakarta Post reported that, mining companies are showing a low level of enthusiasm to enter the downstream industries, as required by the 2009 M ...
Friday, 08 October 10
VESSEL OWNERS ARE RELUCTANT FOR INDONESIA TO INDIA COAL TRIPS - FEARNBULK
Handy
Last week ended with a flourish of activity as the Chinese tried to fix any prompt vessels before the Golden week festivities, and since the ...
Thursday, 07 October 10
MIRACH ENERGY GAINS RIGHTS TO EAST KALIMANTAN COAL MINE - THE EDGE SINGAPORE
The Edge Singapore reported that, Mirach Energy says it has gained the rights to produce and sell coal in an open-pit coal mine in Samarinda, the ca ...
Tuesday, 05 October 10
EWP SEEKING VIETNAMS ANTHRACITE COAL
COALspot.com: South Korea’s EWP is seeking Min 200,000MT of Vietnam coal with plus or minus 30,000MT at EWP’s (Korea East West Power Co ...
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- Agrawal Coal Company - India
- White Energy Company Limited
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- London Commodity Brokers - England
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- The University of Queensland
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
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