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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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Thursday, 04 February 10
INDIA`S APPETITE FOR COAL EXPECTED TO RISE SHARPLY
Coal powers more than half of India's electricity plants and demand for the commodity is expected to rise sharply as the third-largest Asian econom ...
Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
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Showing 6026 to 6030 news of total 6871 |
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- Electricity Authority, New Zealand
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- PowerSource Philippines DevCo
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- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Planning Commission, India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
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- Agrawal Coal Company - India
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- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
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- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
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- IEA Clean Coal Centre - UK
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- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- PTC India Limited - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
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- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
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- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
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- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
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- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
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- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
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- GMR Energy Limited - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
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- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
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