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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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Thursday, 11 April 13
TNEB HAS OPENED 4.2 MILLION TONS IMPORTED COAL TENDER
COALspot.com - TANGEDCO, the state run utility TANGEDCO (formerly known as TNEB), Tamil Nadu state owned electricity company has opened bids to purc ...
Wednesday, 10 April 13
US COAL CONSUMPTION TO INCREASE FROM 889 MMST IN 2012 TO 948 MMST IN 2013 AND 957 MMST IN 2014 - EIA
Based on estimates for the first quarter of 2013, American coal production has continued to decline.
Total production is down 9.9 million short t ...
Wednesday, 10 April 13
DRY BULK FREIGHT RATES SEEN MOSTLY STABLE IN THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
In its latest report, BIMCO forecast that for the coming six weeks, Capesize time charter average rates will remain subdued around $4,500-8,500 per ...
Monday, 08 April 13
SUB-BIT INDONESIA COAL SWAPS: UPWARD TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 2.71 percent and CFR South China coal shipment&nbs ...
Sunday, 07 April 13
CHARTER RATES ARE UNDER PRESSURE DUE TO DECLINING DEMAND - VISTAAR
COALspot.com - The freight market continued to fall further with all the indices down.
The BDI was down by 5.38 pct closing at 861 points and the ...
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- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Aditya Birla Group - India
- PTC India Limited - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Planning Commission, India
- The University of Queensland
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
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