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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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- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- ASAPP Information Group - India
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- VISA Power Limited - India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
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