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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.
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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
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Friday, 23 February 24
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Thursday, 22 February 24
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Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- London Commodity Brokers - England
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
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