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Saturday, 07 July 12
INDONESIA-JAPAN RELATIONS TURN SOUR - THE JAKARTA POST
 The Jakarta Post, the one of the leading Indonesian English new papers reported that, Bilateral relations between Indonesia and Japan have recently become marred by unabashed exchanges of threats between government officials.
Rudi Rubiandini, the newly appointed deputy energy and mineral resources minister, said Japan had sent a letter stating that it would ban photocopy paper imports from Indonesia should the country go ahead and tax metal ore exports.
Japan, the world’s second-largest nickel consumer, previously threatened to file a complaint with the World Trade Organization (WTO) in response to new changes in Indonesia’s mineral trade policy.
On May 6, the government issued a regulation that introduced tougher requirements on the exportation of 65 types of raw minerals — excluding coal — and imposed a 20 percent export tax. The regulation is deemed necessary to curb overexploitation of resources ahead of the full implementation of a ban on raw mineral exports in 2014 as demanded by 2009 Minerals and Coal Mining Law.
The government has encouraged companies to either build smelters, either individually or through joint ventures, or make other plans for processing raw minerals.
In response to Japan’s threat of barring photocopy paper imports, Rudi said Indonesia could easily retaliate by cutting supplies of liquefied natural gas (LNG) to Japan.
According to ministry data, last year, Indonesia produced 362 LNG cargoes. Japan was the largest buyer, purchasing 172 cargoes, followed by Korea with 68 cargoes, the US (55), China (35) and Taiwan (32).
Other data show that in the first four months of this year, Indonesia exported 2.72 million tons of gas worth US$2.43 billion or 18.65 percent less than the $2.99 billion in the same period last year.
Based on Trade Ministry data, between January and April 2012, Indonesia exported more than 173 tons of photocopy paper to Japan. Total exports were valued at US$207.07 million, up 15.52 percent compared to the same period last year.
Trade Ministry director general for foreign trade Deddy Saleh said on Friday that the ministry had not decided to take any action in response to the photocopy paper threat.
“Japan has not filed an official complaint with us. So we are just going to wait and see,” Deddy said.
Experts say that Japan’s desperate response to the new Indonesian policy was an indication of Japan’s high dependence on raw materials to sustain both exports and the lifestyles of Japanese people.
Toshio Nakamura, the general manager of stainless raw materials at Mitsui & Co., was quoted by Bloomberg news service recently as saying that no other countries could immediately replace Indonesia in terms of raw material supplies.
Takayuki Ueda, the director general of the manufacturing industries bureau of Japan’s Trade Ministry, said that Japan would prefer to negotiate a solution to prevent a full ban on mineral exports.
However, he said, Japan might file an objection with the WTO should Indonesia proceed with a complete ban.
Utama Kajo, head of the Indonesian Chamber of Commerce and Industry’s (Kadin) standing committee on investment, human resource development and small and medium enterprises, said he was not worried that the rift would affect other sectors in the trade relations between the two countries.
“This is only a small-scale argument. It will not matter much if Japan stops photocopy paper exports because Indonesia can send it elsewhere, for example, to China or South America,” he said.
Utama suggested that Japan build smelters in Indonesia to process metal ore. Furthermore, he reminded the Indonesian government to think twice before making threats about cutting off the gas supply as it would only harm Indonesia.
“We can’t just cut off the supply because the countries have signed long-term contracts. We would risk being reported to the WTO,” he said.
Avilian, an economist at the Institute for Development of Economics and Finance (Indef) who is also a commissioner at one of the country’s biggest lenders, Bank BRI, said she doubted that the bickering between state officials would damage the long standing relations between Indonesia and Japan.
“We have had good relations so far. This is a small problem and can be addressed by the officials. Indonesia and Japan need each other,” she said.
Source: The Jakarta Post
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Tuesday, 21 May 13
NEWCASTLE PORT COAL SHIPMENTS SEEN FALLING WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,205,024 tons of thermal and coking coal for week ended 0700 hours 20 May 2013, Newcast ...
Sunday, 19 May 13
COAL PRICES ARE SLUMPING DUE TO WEAK DEMAND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have gained 0.03 percent and API 8 CFR South China Coal shipment g ...
Sunday, 19 May 13
FREIGHT RATES TO REMAIN UNSTABLE AND VOLATILE - CAPT. REDDY
COALspot.com – The freight remained weak this week with all the segments down.
The BDI, the Baltic Dry Index is a number issued daily by th ...
Friday, 17 May 13
US COAL PRODUCTION CLIMBED 3.35 PER CENT WEEK ON WEEK
COALspot.com - U.S. produced totaled approximately 18.50 million short tons (mmst) in a week (For the week ended May 11, 2013), EIA said in its late ...
Thursday, 16 May 13
PANAMAX: THE FORWARD CURVE IS FALLING GRADUALLY - FEARNRESEARCH
Handy
The Atlantic market remained quiet. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The Pacific market remained uncertain as ...
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- Singapore Mercantile Exchange
- Xindia Steels Limited - India
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- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- The University of Queensland
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
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- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Australian Coal Association
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
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- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
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- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
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- Planning Commission, India
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- Altura Mining Limited, Indonesia
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- Indian Oil Corporation Limited
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- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
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- Baramulti Group, Indonesia
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- Bayan Resources Tbk. - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
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