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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, 21 February 13
SPRING COAL PROCUREMENT 2013 IS ABOUT TO TAKE PLACE
In 2012, “Steady Growth” had set the keynote for China’s economic development. Guided by the principle of progressing steadily, do ...
Wednesday, 20 February 13
BAKRIE GROUP LOOKS TO HAVE A CLEAR UPPER HAND - LUCKY ARIESANDI, CFA
The Bakrie-Rothschild saga is entering its final stage, with Bumi Plc (BUMI LN)’s holders to convene on 21 Feb at 11am GMT to vote on Nat Roth ...
Tuesday, 19 February 13
NEWCASTLE PORT SHIPPED 38.65 PERCENT LESS COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 1,820,559 MT of thermal and coking coal for week ended 0700 hours 18 February 2013, Newc ...
Monday, 18 February 13
78.75 MILLION TONS OF COAL RESERVES ARE NEWLY PROVEN IN WUGANG HUNAN PROVINCE
COALspot.com - Recently, Wugang City, known as the CHINA hundred key coal producing cities, achieved new breakthroughs in coal exploration: deep coa ...
Sunday, 17 February 13
STEEL DEMAND WILL HELP TO PUSH UP FREIGHT RATES - VISTAAR
COALspot.com - This freight market has been fairly steady week ended 15 February 2013.
The BDI was slightly up by 0.67 pct closing at 753 points ...
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- Bayan Resources Tbk. - Indonesia
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- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
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- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
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- Chamber of Mines of South Africa
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- Chettinad Cement Corporation Ltd - India
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- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Dalmia Cement Bharat India
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- Ministry of Mines - Canada
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- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
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- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
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- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
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- Indian Energy Exchange, India
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- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
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- TNB Fuel Sdn Bhd - Malaysia
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- Price Waterhouse Coopers - Russia
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- MS Steel International - UAE
- The Treasury - Australian Government
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- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
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- Coastal Gujarat Power Limited - India
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- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
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- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
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- Georgia Ports Authority, United States
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- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
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- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
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- New Zealand Coal & Carbon
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- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
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- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
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- Karbindo Abesyapradhi - Indoneisa
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- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Directorate General of MIneral and Coal - Indonesia
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