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Monday, 24 October 11
NEW HEAD OF INDONESIA'S MINING MINISTRY GETS RAKED OVER THE COALS - JOSEPH KIRSCHKE
 COALspot.com - Following Indonesia’s presidential cabinet shakeup last week, many are questioning the qualifications of Energy and Mineral Resources Minister Jero Wacik to oversee a critical, complex sector involving billions of foreign investment at a time of global uncertainty.
President Susilo Bambang Yudhoyono cited corruption, as well as a need for accelerated growth and improved infrastructure as driving the long-awaited reshuffle.
Wacik’s lack of experience – he was previously in the Ministry of Tourism with a background in mechanical engineering – is second tier to his seniority and strategic value in the president’s Democratic Party, according to Priagung Rakhmanto, an analyst at the Reforminer Institute, a think tank.
Moreover, although the president won a 2009 re-election with 60.7 percent of the vote, the Democratic faithful control just 25 percent of Parliament. Therefore “the top position must be held by a figure from a party,” said Rakhmanto.
But to his credit, say many, Jero has acknowledged the skepticism – and the hard work ahead. In particular, he has expressed concern over what he terms “proper negotiations” between Jakarta and foreign mining companies over increased profit sharing. The development of new oil fields to increase national production to one million barrels daily by 2013 is already underway.
Despite this movement, Wacik’s deputy Widjajono Partowidagdo, a former professor of petroleum engineering at the Bandung Institute of Technology, has come under fire, too. “He sees things only from the point of view of an academic,” Sammy Hamzah, vice president of Indonesia Petroleum Association told The Jakarta Globe.
The previous minister, Darwin Zahedy Saleh, is believed to have been ousted in part over shortfalls in crude oil production and mining and energy sector growth targets. Foreign investment stalled under Saleh’s tenure, said analysts, particularly over concerns regarding possible increased regulations.
This is a critical time for foreign investment in Indonesia, a G20 member and the largest economy in Southeast Asia with growth topping six percent last year. Energy has been one of the main factors allowing the archipelago nation of 245 million to emerge relatively unscathed from the global recession.
For his part, Presidential spokesman Julian Pasha sought to strike different tone concerning the overhaul – Yudhoyono’s third becoming Indonesia’s first directly-elected president in 2004. “Let’s be optimistic,” he said.
“The new teams will start working together and the appointed deputy ministers are going to help the ministers be more productive.”
About Joseph Kirschke
Joseph Kirschke is a Jakarta/Beijing-based Communications Consultant and Political Analyst who works with international investors, media and energy and trade companies.
Views and opinions / conclusion expressed herein are personal views of the author and not that of COALspot.com.
If you believe an article violates your rights or the rights of others, please contact us.
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Wednesday, 21 June 23
CHINA'S MAY COAL IMPORTS FROM AUSTRALIA RECOVER TO PRE-BAN LEVELS - REUTERS
Australian coal sales to China increased in May, as trade resumed between them even as overall coal demand weakened against an uncertain macroecono ...
Monday, 19 June 23
DROUGHT-DEPLETED HYDROPOWER DRIVES CHINA TO TURN TO COAL - REUTERS
China has leant hard on coal-fired power plants as well as wind and solar generators to make up for a shortfall in hydroelectric generation as a re ...
Monday, 19 June 23
CHINA COAL OUTPUT UP 4.2 PCT IN MAY - XINHUA
China’s raw coal output posted steady growth in May, official data showed.
The country produced 390 million tonnes of raw coal ...
Wednesday, 24 May 23
AMMONIA-FUELLED BULK CARRIERS WITHIN FIVE YEARS - BALTIC EXCHANGE
Within five years, ships powered by clean ammonia could be a feature on the iron ore trade routes between West Australia and East Asia.
A study ...
Tuesday, 23 May 23
CHINA'S APRIL COAL OUTPUT LEAPS 11% ON YEAR, BUT DEMAND DOWNTURN LOOMS - REUTERS
China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensu ...
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- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Australian Coal Association
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- White Energy Company Limited
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- The University of Queensland
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
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