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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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Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
Tuesday, 17 January 23
MARKET INSIGHT - INTERMODAL
Rumor has it that the New Year has come, to set the pace in, for Russia to continue hostilities against Ukraine. Ten months on the go, into Russia& ...
Tuesday, 17 January 23
INDONESIA IS ACCOUNTING FOR 32.3% OF THE GLOBAL SEABORNE COAL MARKET IN 2022 - BENCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, Benchero ...
Tuesday, 10 January 23
INDONESIAN HBA IS SEEING A SPIKE IN JANUARY 2023 INSTEAD OF A SIGNIFICANT FALL IN DECEMBER 2022
COALspot.com: Indonesian Coal Price Reference up 8.43% in January 2023.
HBA is seeing a dramatic spike in January 2023 i ...
Sunday, 08 January 23
INDIAN COAL POWER PLANTS SHOULD BE COMPENSATED FOR 2022 FORCED GENERATION – REGULATOR : REUTERS
Indian power plants that rely on imported coal should be fully compensated when forced to supply electricity, the country’s power regulator s ...
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- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
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