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Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
 The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the realization of private investment in the sector through various programs and regulations.
“Increasing production has been our concern and challenge. We must accelerate investment realization in exploration production and in infrastructure both for storage and distribution,” Darwin said during his inauguration ceremony Thursday.
The government initially expected to book up to US$25 billion investment in the sector, but later on the target was revised down to $18 billion due to the global crisis.
“I will continue what good aspects have been achieved and improve what needs to be improved,” Darwin said.
As a new minister, Darwin will be challenged to get the energy and mining sector to contribute more than 30 percent of the state revenue. In the oil and gas sector, he must work hard to anticipate declining oil production due to aging fields.
As for the mining sector, he must convince investors to comply with the enactment of the new mining law. He is also expected to solve the country’s increasing power deficit problem.
“We face tough challenges, but with good will and cooperation I am optimistic that we can triumph.”
Darwin is head of economic division at President Susilo Bambang Yudhoyono’s Democratic Party. His appointment as the energy and mineral resources ministry was unexpected to practitioners and analysts alike as he is relatively unfamiliar to the sector.
“To be honest, I was not aware of him before, but I expect he will do the best for the ministry,” said a ministry’s high-ranking official who refused to be named.
Energy analysts voiced similar arguments.
“I never heard any of his views on how to manage the sector.
But, hopefully with his doctorate in economics he can learn fast about urgent problems in the sector and will come up with accurate solutions,” energy analyst Kurtubi said.
Observer Pri Agung Rakhmanto of the Reforminer Institute said Darwin might need support from experts in the sector.
Former energy and mineral resources minister Purnomo Yusgiantoro said he believed Darwin could lead the ministry.
“He has a very strong educational background,” said Purnomo, now the new defense minister. In an earlier interview, Darwin said he was not a totally new face in the sector.
“In my early career at Bank Duta, I was in charge of lending credits to oil and gas companies. I know the business network from this experience.”
Darwin, born on Oct. 29, 1960, graduated from the University of Indonesia’s (UI) Economics Faculty in 1986 and later completed his masters study on business administration at Middle Tennessee State University, US, in 1994. This year he completed his doctorate program on finance and management, also at UI.
His employment history includes: dean’s senior advisor at UI’s economics faculty from 2006 until present, head of the economic and finance division of the Democratic Party from 2005 until present, deputy dean of UI’s faculty of economics from 2005 to 2006 and chief economist and investment banking director at PT Bahana Securities from 2000 to 2003.
Source: The Jakarta Post
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Saturday, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...
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- Anglo American - United Kingdom
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Agrawal Coal Company - India
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
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