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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, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. T ...
Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
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- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- The University of Queensland
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Parliament of New Zealand
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Australian Coal Association
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
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