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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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Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...
Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
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