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Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Monday, creating more uncertainty for a sector that is already struggling to attract new investment.
The government has been drafting regulations on the new mining and coal law passed in December 2008 for presidential approval, and had said they should be issued by October when a new administration under President Susilo Bambang Yudhoyono is due to start a second term.
Bambang Gatot Ariyono, director of mining and coal production at the energy and mines ministry, said ministries including the forestry and finance Ministry with vested interests in the regulations had yet to respond to the drafts proposed by his office.
"Looking at the progress, we doubt the regulations can be completed this year," said Ariyono, who did not say when he thought the regulations were likely to be completed.
For a factbox on the draft regulations of Indonesia's new mining law
Issuing the regulations is seen as crucial to providing more certainty for mining investors in Southeast Asia's biggest economy.
But analysts have said it may take more time to issue the regulations. In the case of an oil and gas law passed in 2001, it took three years to issue the implementing regulations.
With the delay, the sector is unlikely to see fresh investment in the near future as the government has frozen new mining permits until the regulations are finalised and there may be further delays under a new government.
President Yudhoyono may create new ministerial posts to spur development of the natural resources sector, sources told Reuters.
One idea being considered is to establish a new co-ordinating minister for resources and also to separate the energy and mining portfolios, with the co-ordinating minister overseeing these, as well as agriculture, forestry, and environment, a source said.
The Indonesian Mining Association has said mining investment would fall below $1 billion this year due to uncertainty over the new mining law, although the government says investment from mining -- including geothermal -- could surpass $2 billion.
A combination of low metal prices and uncertainty over the new mining and coal law has prompted some companies to shelve their investment plans since last year.
BHP Billiton scrapped a study to develop an integrated nickel project in eastern Indonesia and also decided it would not go ahead with a coal mine in Central Kalminantan. Chinese firm Tsingshan Mineral Company Ltd had scrapped a $500 million nickel project in North Maluku in Indonesia
Source: Reuters
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Friday, 18 September 09
STANCHART TO ADVISE BAYAN ON INDONESIA COAL FINANCING
Indonesian coal miner PT Bayan Resources Tbk said on Wednesday it has appointed Standard Chartered Bank as a financial adviser for raising at least ...
Friday, 18 September 09
COKING COAL SUPPLY TO FALL 3 MILLION TONS IN CHINA ON SHUTDOWN
Bloomberg reported that, Coking coal supply in China, the largest consumer, may fall by 3 million metric tons a month after a mine accident this mon ...
Thursday, 17 September 09
FOUR LEFT IN INDIA'S MMTC COAL IMPORT TENDER-SOURCE
Reuters reported that, India's MMTC Ltd has accepted four out of five submissions for an import tender for 12.5 million tonnes of coal, with a bid ...
Thursday, 17 September 09
INDIA SEEKS COAL
IBT commodities reported that, India is on a coal buying spree. The big Asian nation is scrambling to cover an expected shortfall in domestic supply ...
Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...
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- Sical Logistics Limited - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Agrawal Coal Company - India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Planning Commission, India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- White Energy Company Limited
- Australian Coal Association
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
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