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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, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
Saturday, 06 February 10
COAL MINISTRY SEEKS CUT IN IMPORT DUTY
The coal ministry wants the finance ministry to reduce the 5.1% import duty on thermal coal and continue with the existing zero import duty on cokin ...
Friday, 05 February 10
IN 2010, CHINA COAL OUTPUT TO REACH AROUND 3.3BLN T
It is expected that China's coal production in 2010 will reach around 3.3bln tons. It is predicted that in the first quarter of 2010, the tight coa ...
Thursday, 04 February 10
INDIA REMAINS FIRM - FEARNRESEARCH
CHARTERING - DRY BULK
Handy
The BSI has continued it´s downward movement for 2 weeks now.Nevertheless activity in the atlantic remains bu ...
Thursday, 04 February 10
INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
IPFA TO JOIN INF ...
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- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Minerals Council of Australia
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- The University of Queensland
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Planning Commission, India
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- CNBM International Corporation - China
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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