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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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Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...
Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...
Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points.
The BDI was up by 7.72 pct last week wh ...
Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...
Thursday, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, ...
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- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Australian Coal Association
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- The Treasury - Australian Government
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