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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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Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
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- Interocean Group of Companies - India
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- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
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- Indian Energy Exchange, India
- Bangladesh Power Developement Board
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- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
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- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
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- McConnell Dowell - Australia
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- Standard Chartered Bank - UAE
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- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Kumho Petrochemical, South Korea
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- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
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- Romanian Commodities Exchange
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- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Economic Council, Georgia
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
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- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
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- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
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- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
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- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
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- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
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- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
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- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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