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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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Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
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- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
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