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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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Wednesday, 11 August 10
BANPU SECURES TAKEOVER LOAN - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, has secured loans worth US$2 billion from Thai and foreign banks to proceed with ...
Tuesday, 10 August 10
KOREA'S EWP TO BUY 4 MILLION TON OF 3700 AND 4600 NAR COAL AT FIXED PRICE
COALspot.com: Korean utility East-West Power out with the tender to buy 0.670 million tons with a minimum calorific value of 4600 NAR and 0.350 mill ...
Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. D ...
Sunday, 08 August 10
SOUTH AFRICA INCREASES COAL EXPORTS TO INDIA BY 74% IN JULY, TRADER SAYS
South Africa’s Richards Bay, the continent’s largest coal terminal, increased sales to India by 74 percent in July from June, according ...
Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
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- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- MS Steel International - UAE
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
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