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Wednesday, 19 February 20
MINERS WELCOME INDONESIA'S NEW JOBS BILL THAT COULD SPUR COAL GROWTH - REUTERS
 Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that the changes could underpin an expansion in polluting coal and threaten environment protection.
President Joko Widodo’s sprawling “Job Creation” bill seeks to change about 80 laws affecting many business sectors, including mining, in order to fix rules deemed cumbersome for investors.
Indonesia is a top exporter of thermal coal, tin and nickel products, but overall mining investment dropped from 79 trillion rupiah ($5.8 billion) in 2017 to 59 trillion rupiah ($4.3 billion) last year, data from its investment board showed.
Miners are most supportive of a provision in the bill that would set a mining area’s size based on a work plan submitted for government approval. The measure would replace current rules that would limit the size of coal mines to 15,000 hectares (37,000 acres) and other mineral mines to 25,000 hectares when miners convert their contracts to a new license.
The bill would also allow miners to receive an initial 30-year mining permit that could be extended periodically for as long as the mine’s lifespan but only if the miner invests in downstream ore smelting or coal gasification projects.
“The draft is good for the investment climate in the mining sector because it is giving more legal certainty,” said Ido Hutabarat, chairman of the Indonesian Mining Association.
“If the permit extension can be done for as long as the life span of the mine, the massive investment into downstreaming can be realized because lenders will also have more security for their loans,” he said.
Indonesia has been trying to squeeze more out of its mineral resources and the new bill would also exempt royalties for miners adding value by processing or smelting ore or coal.
Hendra Sinadia of the Indonesia Coal Miners Association said the bill was a “positive step”, but more details were needed, including on the pricing of gas produced from coal.
The government wants miners to process coal into gaseous dimethyl ether to replace liquefied petroleum gas imports.
Indonesia’s largest coal miner PT Bumi Resources is conducting a study on a gasification project that could be worth more than $1 billion.
Dileep Srivastava, a director at Bumi, said the proposed legal revisions “would enable (Bumi) to progress its proposal forward” to the investment consideration.
The bill, however, may face “tough debate” in parliament, especially regarding the size of mining areas, said Ahmad Redi, a natural resources law expert at Tarumanagara University.
Some of the parliament representatives may say the changes to the mine sizes in the new bill violate the Indonesian constitution, which states that natural resources should be under the control of the state, he said.
Melky Nahar, the chief campaigner for the Mining Advocacy Network, said the bill is “a step backwards that is trapping Indonesia in a coal economy.”
Removing the restrictions on the size of the mining concessions could cause serious social and environmental consequences to nearby communities, such as forced relocations, loss of livelihoods and ecological destruction.
Environmentalists also worry the new rules would remove incentives for miners to restore mining sites.
“When they can extend the license continuously, we see that as an opportunity for them to avoid reclamation responsibilities,” said Iqbal Damanik, a researcher at environmentalist group Auriga.
Source: Reuters
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Tuesday, 10 March 20
CHINA'S COAL-RICH PROVINCE ENSURES ENERGY SUPPLY AMID EPIDEMIC - XINHUA
China’s coal-rich province of Shanxi has seen more than 500 coal mines resume production in February, which ensured energy supply amid the ou ...
Monday, 09 March 20
OPEC+ 'NO DEAL' A BLOW TO THE MARKET - WOOD MACKENZIE
Speaking after today’s OPEC+ meeting broke up, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “Today’s o ...
Monday, 09 March 20
KOREA EAST-WEST POWER INVITED BIDS FOR 150,000 MT OF MIN 4,400 - MAX 5,499 NAR COAL
COALspot.com: KOREA EAST-WEST POWER CO. LTD. of South Korea has issued an international tender for total 150,000 MT of LCV coal for May – Jun ...
Sunday, 08 March 20
SUPRAMAX: A 55,000DWT VESSEL FIXING DELIVERY FROM EAST KALIMANTAN FOR A TRIP TO VIETNAM AT $9,100 - BALTIC BRIEFING
SUPRAMAX/ULTRAMAX - A 56,000DWT VESSEL FIXED DELIVERY SOUTH CHINA TRIP VIA INDONESIA, REDELIVERY EAST COAST INDIA, IN THE $6,000S
SUPRAMAX/U ...
Friday, 06 March 20
CHINA RESUMES 83.4 PCT COAL PRODUCTION CAPACITY AMID EPIDEMIC - XINHUA
China has resumed 83.4 percent of its coal production capacity amid the fight against the novel coronavirus outbreak, the National Energy Administr ...
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- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- VISA Power Limited - India
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Australian Coal Association
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
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