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Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
 The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than 90 percent of realized investment this year, a senior official says.
For this year, the government predicted investment in the sector would reach $2.33 billion, but only about 80 percent of that target has been achieved so far, according to Witoro Soelarno, the secretary to the directorate general for minerals, coal and geothermal energy at the Energy and Mineral Resources Ministry.
Next year will be another important year for the country’s mining industry as four long awaited implementation regulations to the new mining law are expected to be issued in January.
The implementation regulations, covering mining areas, coal and mineral businesses, mining supervision, reclamation and postmining issues, are expected to provide legal certainty and boost investors’ confidence in developing the country’s mining and geothermal reserves, he said.
However, Witoro added that major investment next year would still come from existing concessions rather than new mining licenses issued under the recent law.
“Most of the investment in 2010 will come from existing mining contracts. Investment from new mining licenses will not dominate,” he said in a text message sent over the weekend.
“The increase in investment as a result of the new regulations cannot be estimated yet because the 2010 work and budget plan [from miners] is still being evaluated.
“The potential for new mining licenses from regions is also difficult to evaluate at this stage as
the reports are very minimal,” Witoro said.
Indonesia has suffered from a prolonged investment drought in the mining sector for the last 10 years, including in 2007 when commodity prices peaked.
Global mining industry consultant PricewaterhouseCoopers (PwC) said that mining companies operating in Indonesia had so far only invested in maintaining existing operations, while investment in greenfield exploration was very minimal.
Despite the pros and cons of the new mining law, the government expects the law will reduce legal uncertainty and attract more investors to explore the country’s mining potential.
The industry’s concrete response to the law will only be clear after the implementation regulations are issued.
However, Irwandy Arif, chairman of the Association of Indonesian Mining Professionals (PERHAPI), said the effect of the law on investment inflow would not be immediate.
“It will take some time to harmonize all the regulations,” he said.
Irwandy predicted that investment in 2010 would remain focused on additional capital spending for existing concessions rather than the exploration of greenfield areas.
He said these considerations were based not only on the new regulations, but also on the fact that commodity prices remained low.
“Many institutions estimate that commodity prices will remain low, at least until the end of 2010,”
he said.
Source: The Jakarta Post
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Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certa ...
Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
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- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- PTC India Limited - India
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- London Commodity Brokers - England
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- The University of Queensland
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
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