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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, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
Thursday, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
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- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Xindia Steels Limited - India
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